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Global shipping prices are skyrocketing, raising concerns about cost inflation.
Global shipping market tension has sparked concerns about a return of inflation.
"Five-figure" container freight rates are about to return? American importers are anxious.
The cost of transporting a 40-foot standard container of toys, auto parts, or other goods from Shanghai to New York has now jumped to nearly $10,000. This further exacerbates the frustration of US importers and also prompts some experts to believe that the shipping market is in a bubble.
Express News | The Baltic dry bulk freight index fell to a one-week low.
Will the bull market continue for shipping futures, which surged by 402%?
From the performance of the spot market, as the freight level gradually increases, the market acceptance is also orderly advancing, and the current spot freight has not seen the top. Maersk CEO Soren Skou said, "We still don't know how much cost we can recover, and how long it would take to recover our costs, but the high rates we see for now are only temporary."
Index of shipping collective surges! Marine transportation situation explodes, will the high running cost in the second half of the year become a fixed pattern?
Glimmer Of Hope Despite Challenges In Global Shipping Environment
The World Trade Organisation (WTO) revised its forecast for global trade volume growth to 2.6% from an earlier 3.3%, citing reduced water levels in the Panama Canal due to severe drought conditions.