With the ongoing Covid-19 pandemic, the freight cost of global shipping remains unstable. At the beginning of the pandemic, jams mostly happened at China and Asia main ports due to imposed lockdown and physical distancing regulation which slowed down the business processes inside and outside the region.
But from the end of 2020, the situation has changed. Currently, vessels are piling on Western ports, leaving Asian exporters with a shortage of empty containers. With the upcoming Ramadhan season in the Middle East and some Asia & African countries, it is predicted that the international freight cost might increase even further.
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