ShippingWatch

Soaring freight rates are starting to inflict real pain on small shippers

The explosion in freight rates can no longer be absorbed in the smallest shippers' transport budget. Cobi Rehab is one of the companies that is seeing its finances strained. Meanwhile, the situation in Yantian is getting worse, with ensuing consequences for each passing day.

The shutdown of the crucial Chinese port in Yantian has sent rates soaring | Photo: Uncredited/AP/Ritzau Scanpix

Not too long ago, there was a mantra in the container industry that went as follows: Rate increases would never grow so large that they were not able to be absorbed in shippers' budget and transferred to customers.

All of this would ultimately occur without consumers noticing any difference.

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