High shipping rates

Global Economy Crises To Crumble Amid Surging Shipping Rates

  • Supply chains are getting hit again by curbs to control virus.
  • Chinese new year holidays, strong demand adding to the crunch.

Shocks to supply chains are engulfing a wider swath of the global economy as the pandemic rages on, threatening to stifle Asia’s trade-led recovery just as soaring freight rates make it harder for businesses to weather another year like 2020, reports Bloomberg.

Shortfalls in auto manufacturing

Shortages of consumer goods like paper towels and work-from-home gear early in...

https://mfame.guru/global-economy-crises-to-crumble-amid-surging-shipping-rates/

High Shipping Rates To Continue Despite New Lockdowns, Says Maersk

High shipping rates are set to continue for at least several weeks, despite new coronavirus lockdowns in Europe, boosted by demand for furniture, exercise equipment and home improvement goods, shipping group Maersk said on Wednesday.

A surge in demand from shoppers sheltering at home in a worsening COVID-19 pandemic has upended normal trade flows and triggered a spike in the cost of moving goods around, says an article published in Reuters.

Container demand will continue

“There are simply not...

https://mfame.guru/high-shipping-rates-to-continue-despite-new-lockdowns-says-maersk/