Shipping-Container Rates Top $10,000 From Asia to Europe

The cost to move goods in a shipping container to Europe from Asia shot above $10,000 for the first time on record, an index showed, underscoring the pain inflicted on exporters and importers struggling with stretched supply chains.

The Drewry World Container Index released Thursday showed the rate for a 40-foot container from Shanghai to Rotterdam rose to $10,174, up 3.1% from a week ago and a 485% jump from a year ago. The composite index of eight major routes rose 2% to $6,257 from a week earlier and was 293% higher than a year ago, Drewry said. Both ...