Shippers – for instance, the US agricultural sector with export of lowly valued bulk goods from the US to Asia – are under pressure from increased freight prices on back-haul routes, writes analyst firm Sea-Intelligence.
Spot rates on moving a forty foot equivalent (FFE) from the US west coast and Northern Europe have soared considerably the last two years during Covid-19, which has resulted in heavy demand for Asian goods towards the US, congestion at container ports and higher freight rates.
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