[Solar: Europe-bound freight rates rise sharply as port congestion disrupts module delivery]
According to SMM research, freight rates for PV products shipped to Europe have increased significantly recently, with quotes on some routes rising by around USD 2,000-3,000 per high-cube container from previous levels. Meanwhile, congestion has emerged at Rotterdam and some ports in Portugal, leading to vessel schedule delays and lower container pickup efficiency. This is expected to cause certain disruptions to European module delivery schedules and temporarily push up module landed costs. SMM will continue to monitor the subsequent impact.