Container rates drop to close to pre-COVID levels

ROTTERDAM, the Netherlands - After the price records of recent years during the pandemic, container rates are now dropping rapidly. The price decline has a major impact on the market conditions and probably also on the shipping capacity. For an industry that strongly depends on shipments from Asia, these strong fluctuations add to the existing uncertainties in the market.
The lower container shipping prices will have a positive impact costs of importing bicycles and components from Asia. – Photo Shutterstock