Skyrocketing shipping rates may hit consumer pockets sooner than many anticipate
- Date: 13-Jun-2021
- Source: The National
- Sector:Economy
- Country:Middle East
Skyrocketing shipping rates may hit consumer pockets sooner than many anticipate
The skyrocketing price of shipping goods across the globe may hit your pocketbook sooner than you think – 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 $10,522, a whopping 547 per cent higher than the seasonal average over the last five years, according to Drewry Shipping.
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