ShippingWatch

High freight rates in container market drive up consumer prices

Record-high freight rates and pressure in the container market push up consumer prices. For example, it is now 25-40 percent more expensive to build a new house, says the CEO of Scan Global, while also pointing to other factors in the upward tendency.

The price of building materials have gone up due to, among other things, higher freight costs, says Scan Global Logistics CEO Allan Melgaard | Photo: Nima Taheri

Record-high freight rates and pressure in the container market have generated historically high earnings for shipping lines, but these have now starting to reflect in higher consumer prices, Scan Global tells ShippingWatch.

Danish financial institute Sydbank also confirms the tendency.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Schedule reliability among container lines drops to historic low

August represented a historic low point for container carriers' schedule reliability. Only three out of ten container vessels – or 33.6 percent – managed to deliver goods on time, according to new figures from Sea-Intelligence. Reliability hasn't been lower in the ten years the analyst firm has monitored reliability.

Further reading

Related articles

Trial banner

Latest news

See all jobs