Spot container rates for shipping goods to the US from Asia have spiked over the past month as companies look to avoid higher tariffs and pad their inventories ahead of a strike threatening to close ...
Global shipping costs per a typical 40-foot container stood at $3,786 this week, up 90% from the same time a year ago, according to the Drewry World Container Index. For the same-sized container ...
She said the six-fold increase in shipping costs is hard to take, especially when getting hold of a container "is like gold dust". "It's really hard for a small business to absorb those costs.
Shares in the three largest publicly traded container shipping companies — Denmark’s AP Møller-Maersk, Germany’s Hapag-Lloyd and Taiwan’s Evergreen Marine — fell between 6 and 8 per cent on Thursday, ...