- shipping rates have begun reaching record highs for months
- $32,000 container move from China to LA
Container rates have hit the stratosphere this year. It’s a function of too many shipments says an article on Yahoo Finance.
Shipping rates
“It would cost $32,000 to ship a group of standard containers from Shanghai to Los Angeles”, Craig Grossgart, senior vice president of the ocean at SEKO Logistics, said during a briefing for reporters late last month.
Premium surcharges
The Freightos Baltic Daily Index adjusted its methodology for tracking ocean shipping rates to include for the first time premium surcharges required for bookings, substantially raising transparency into the real cost paid by cargo owners.
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Source: Yahoo Finance
