Long-term contracted ocean freight rates climbed by 7% in March, pushing shipping prices up 96.7% year-on-year, according to a report from the ocean and air freight rate benchmarking and market intelligence platform, Xeneta.
The upward trend in rates is mainly attributed to a combination of persistent demand, port congestion, equipment shortage and Covid-19 disruptions, facilitating huge profits for carriers in 2021.
Furthermore, among the last 18 months, only two months, December 2021 and...
https://container-news.com/xeneta-reports-100-increase-in-long-term-container-freight-prices/