The crisis in the logistics chains is causing a 1,000% increase in the price of transporting of in freight containers for imports on the Asia/West route, while in the opposite direction of trade, prices are rising 100% for exports, according to Jornal Económico.

This is reflected in an increase from €1,000 to €2,000 in a 40-foot container or from €700 to €1,400 in a 20-foot container. “Still, it depends a lot on the availability of equipment and space on the ship”, António Nabo Martins, president of the Portuguese Transporters Association (APAT), told the newspaper. This increase in prices is also visible in terms of air transport, with prices tripling on some routes.

Nabo Martins also pointed out that this increase is due to the “complete disruption of the logistics chain and the way it was set up”, which results mainly from the lack of containers, ships and drivers, as well as from congestion in the main world ports and the rise in the price of fuels. The impact of all of this is expected to be felt in the pockets of Portuguese families, with a rise in prices for the final consumer.