January 19, 2021

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Why the price of shipping a container from China to Rotterdam rose faster than Bitcoin

Why the price of shipping a container from China to Rotterdam rose faster than Bitcoin


Riddle: What has increased sixfold in the last six months? The digital currency Bitcoin you say? No, it was “only” four times more valuable. The correct answer is: shipping a 40-foot container from Shanghai to Rotterdam. Due to the acute shortage of containers, this costs a sloppy 8,000 euros these days. In June that was less than 1500 euros.