"Mr. Yang, the exporter, said the cost to ship a 40-foot container box from China to Hamburg, Germany, was around $2,000 before the pandemic hit. It has more than tripled to over $7,400 in recent months. The price for sending the container via rail is around $8,100 now, he said. He predicted that rail freight rates might go up if more buyers divert from sea shipments.
"We expect Europe's manufacturing, auto and auto suppliers to be most affected because they operate 'just-in-time' supply chains," said Daniel Harlid, a vice president at Moody's. "This means they do not stockpile parts and only have enough on hand for a short period."" [1]
1. Ships Turn to Longer Routes As Jam at Suez Canal Drags On
Jones, Rory; Paris, Costas; Wen, Philip. Wall Street Journal, Eastern edition; New York, N.Y. [New York, N.Y]27 Mar 2021: A.1.
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