Transport chaos is hurting economic growth / When will the price rally finally end?
Freight prices in maritime trade have again risen significantly in the week ending 27 June: According to PIE’s research, the cost of transporting a 40-foot container from China to ports in Northern Europe rose by an average of 3.4% to USD 12,100. Freight centres on the Mediterranean coast were hit even harder. Here, importers had to swallow a weekly increase of 6.7% – the passage of a container from the Far East cost an average of USD 11,900. Shipping along the vital world trade route from Europe to... (23.06.2021)