Sea freight rise

As a result of COVID-19, global container ship traffic declined by 6.8%. Even though China has fully resumed production , Europe and the United States have restarted economic activity, domestic and foreign shipping companies have suspended routes, reducing the number of trips for export containers, resulting in a shortage of containers,so the price goes up.
With the rapid spread of the epidemic, the cost of container transportation is high, and shipping companies need to raise prices to gain more profits,the prices will continue to rise in the short term.