The Drewry World Container Index, which tracks the price of shipping containers, shows that the cost of a 40-foot shipping container is up more than 250...
The Drewry World Container Index, which tracks the price of shipping containers , shows that the cost of a 40-foot shipping container is up more than 250% compared to a year ago. Since October, escalating violence in the Red Sea has kept rates elevated as ships favor longer, less risky routes.
Since October escalating violence in the Red Sea has kept rates elevated and ships favor longer, less risky routes.There was an interesting article today, Craig II, I don't know if you saw it was in Barons just talking about this very topic and talk about how shipping rates have soared.That according to the report, Craig sending goods around the world by ship is at least five times as expensive as it was last year.
That's for the majority of products, containers, the stuff that we typically think of as raw materials uh is not moving historically in containers, a lot of the raw materials move in bulk and that's like an entirely different market. So consumers will not see an enormous impact in terms of of inflation on what they actually buy or erosion of their pricing power, uh, versus what you would see, uh, if this was raw material, input, input goods which tend to show up in all sorts of manufactured items.
Well, this, this happens every couple of years somewhere in the North America where we see the threat of strikes.They ended up not striking, they ended up having uh threatening to strike, but those issues were resolved.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Growing armada shipping sanctioned oil burns dirty fuel in a setback for clean-up effortsExplore stories from Atlantic Canada.
Read more »
Growing armada shipping sanctioned oil burns dirty fuel in a setback for clean-up effortsExplore stories from Atlantic Canada.
Read more »
The $10,000 Shipping Container Is Again the Talk of Global TradeCompanies transporting goods from Asia face costs of as much $10,000 for an urgent full-size shipping container over the next month — about double current spot rates, according to prices circulating between carriers and importers.
Read more »
US and Britain strike Houthi rebel targets in Yemen after surge in shipping attacksWASHINGTON (AP) — The U.S. and Britain struck 13 Houthi targets in several locations in Yemen on Thursday in response to a recent surge in attacks by the Iran-backed militia group on ships in the Red Sea and Gulf of Aden, three U.S. officials said.
Read more »
US and Britain strike Houthi rebel targets in Yemen after surge in shipping attacksWASHINGTON (AP) — The U.S. and Britain struck 13 Houthi targets in several locations in Yemen on Thursday in response to a recent surge in attacks by the Iran-backed militia group on ships in the Red Sea and Gulf of Aden, three U.S. officials said.
Read more »
US and Britain strike Houthi rebel targets in Yemen after surge in shipping attacksWASHINGTON (AP) — The U.S. and Britain struck 13 Houthi targets in several locations in Yemen on Thursday in response to a recent surge in attacks by the Iran-backed militia group on ships in the Red Sea and Gulf of Aden, three U.S. officials said.
Read more »