The $10,000 Shipping Container Looms

The $10,000 Shipping Container Looms

Companies transporting goods from Asia could face costs of up to $10,000 for an urgent full-size shipping container over the next month, which is about double the current spot rates, according to prices circulating among carriers and importers.

CMA CGM SA, the world's third-largest carrier based in Marseille, France, has already announced a rate of $7,000 for a 40-foot container for the second half of June for shipments from Asia to northern Europe.

This is an increase from the current rate of approximately $5,000. For the first half of June, rates range from $6,000 to $6,500, with premium service costing between $7,500 and $10,000.