Freight-cost Surges, Goods Price To Skyrocket in Global Market

  • The skyrocketing price of shipping goods across the globe may rise from that cup of coffee you get each morning to the toys you were thinking of buying your kids.
  • Transporting a 40-foot steel container of cargo by sea from Shanghai to Rotterdam now costs a record US$10,522, a whopping 547 per cent higher than the seasonal average.
  • With upwards of 80 per cent of all goods trade transported by sea, freight-cost surges are threatening to boost the price of everything from toys to coffee.

A recent...

https://mfame.guru/freight-cost-surges-goods-price-to-skyrocket-in-global-market/

Shipping Costs Drive Manufacturers To Fight Rising Prices

  • An ongoing surge in the cost of shipping goods around the world is prompting manufacturers and their customers to scramble for cheaper solutions.
  • Exporters, importers and their agents consider buying their own shipping containers and chartering vessels to avoid the sky-high costs and delays of existing services.
  • Most of the 25 million containers in global use are owned or leased by about a dozen ocean carriers including A.P. Moller-Maersk A/S and China’s Cosco Shipping Holdings Co.

A recent...

https://mfame.guru/shipping-costs-drive-manufacturers-to-fight-rising-prices/

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