Container WarsPart 1The war in the Middle East affects the cost of more than just freight. The escalation provoked a jump in spot rates for container shipments. But not everywhere.Now it will cost a penny not only to rent a ship and insurance, bu...
...t also the transportation itself. The bid for a regular 40-foot container, according to the Dairy World Container Index, has increased by 8% this week alone.The most expensive route for a container ship was Shanghai–Rotterdam, where the rate increased by as much as 19%. It is very expensive to transport goods from Asia to #Europe and back now.The situation in the Middle East also affects transportation across the Pacific Ocean. Although there is no war, 7 flights from Asia to the East coas...
...t of the United States have already been canceled next week.At the same time, further rate increases are also expected. And this is influenced not only by the escalation around #Iran, but also by the policy of sea carriers: due to lack of tonnage, some routes on the Asia-Europe routes will be canceled next week, and #tariffs will be increased for most destinations from March 22.But where it has become cheaper to transport goods is across the Atlantic. On the Rotterdam–New York route, the r...
...ate fell by 3% in a week, and by 36% in annual terms, which was the largest annual drop.Of course, one might think that the Americans benefit from the escalation. But it's not that simple.#Iran #USA@rybar_mena — about the Middle East chaos with loveSupport us