Skyrocketing shipping costs lift prices of goods from toys, furniture to car parts and anchovies

//Skyrocketing shipping costs lift prices of goods from toys, furniture to car parts and anchovies

Skyrocketing shipping costs lift prices of goods from toys, furniture to car parts and anchovies

The skyrocketing price of shipping goods across the globe may hit your wallet or purse sooner than you think – from that cup of coffee you get each morning to the toys you were thinking of buying your kids.Transporting a 40-foot steel container of cargo by sea from Shanghai to Rotterdam now costs a record US$10,522 , a whopping 547 per cent higher than the seasonal average over the last five years, according to Drewry Shipping. With upwards of 80 per cent of all goods trade transported by sea,…

Article by [author-name] (c) Business - South China Morning Post - Read full story here.

By | 2021-06-13T05:46:24+00:00 June 13th, 2021|Business|Comments Off on Skyrocketing shipping costs lift prices of goods from toys, furniture to car parts and anchovies