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Home > All news > Port, Shipping > World Container Shipping rates keep rising amid port congestion

World Container Shipping rates keep rising amid port congestion

June 19, 2024
Reading Time: 2 minutes
State-run Shipping Corporation of India Ltd (SCI)

Mumbai - Inflation looks to be easing across the developed world, except for one glaring pocket of hot prices: cargo costs on the high seas.

Spot rates for full-size shipping containers to the US and Europe from Asia rose again in the most recent data, with three key routes all topping $6,000 for a 40-foot equivalent unit, according to the Drewry World Container Index, released on Thursday. They’ve all tripled since the end of 2023, though the pace of increases is moderating.

Nearly six months of regular attacks on vessels . . .

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Disclaimer: This information has been collected through secondary research and Daily Shipping Times is not responsible for any errors in the same.

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