Global port congestion is set to continue until at least early 2023 and keep spot freight rates elevated, logistics executives said on Wednesday (June 15), urging charterers to switch to long-term contracts to manage shipping costs. The Covid-19 outbreak has lengthened ship delivery times since 2020, pushing up freight costs, while the Russia-Ukraine conflict and …
The post Global port congestion, high shipping rates to last into 2023: Industry execs first appeared on Hellenic Shipping News...