Long-term contracted ocean freight rates are continuing their dizzying ascent, with a 4.1% climb in April leaving container shipping costs up 21.1% year-on-year, with a rise of 23.5% since December 2020. According to the latest market intelligence from Xeneta’s Shipping Index Public Indices report for the long-term contract market, prices escalated across all major global …
The post Container Rates Alert: Shippers on the ropes as long-term contract market rates hit highs and Ever Given chaos continues first appeared on Hellenic Shipping News Worldwide.