Shortage of slots on container vessels leaving China, which caused a surge in freight rates, is unlikely to ease in the coming few months because shipping giants have no additional capacity, says DHL Global Forwarding.
A surge in global demand for imports, particularly from Asia, is driving up shipping costs and creating challenges for U.S. importers, with rates expected to continue rising in the second half of the year.
Maersk ups full year earnings forecast as port congestion grows seatrade-maritime.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from seatrade-maritime.com Daily Mail and Mail on Sunday newspapers.
Rising freight rates pose threat to Korean tire manufacturers koreatimes.co.kr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreatimes.co.kr Daily Mail and Mail on Sunday newspapers.
Rising freight rates pose threat to Korean tire manufacturers koreatimes.co.kr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreatimes.co.kr Daily Mail and Mail on Sunday newspapers.