Container freight rates from East Asia to Australia have reached a 10-year high, rising to over US$1,648/TEU as of 9 October 2020, according to the Shanghai Containerized Freight Index.
Container movements along the route have rebounded as Australia seeks to gradually reopen its economy after a series of Covid-19-related lockdowns. Transhipments from Australia and from other regions have also been rising.
This has spurred liner operators, including ZIM and MSC to add more capacity to the route,...
https://container-news.com/far-east-australia-demand-pushes-rates-to-levels-not-seen-for-a-decade/