Shipping & Logistics

Sudden rise sends container shipping rates to levels not seen since pandemic

A sudden surge in container shipping spot rates in the past three weeks has surprised liner operators and shippers alike.

The widening gap between spot and contract rates is sparking fears among shippers that problems seen during the pandemic will be repeated.
The widening gap between spot and contract rates is sparking fears among shippers that problems seen during the pandemic will be repeated.Photo: Shutterstock
Published 20 May 2024, 19:30Updated 23 May 2024, 09:04
ReeferContainer shippingRefrigerated Containers