Dried Fruit

Desiccated coconuts: container shortage causes freight costs to skyrocket

January 20, 2021 3:32 PM, Der AUDITOR
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MANILA. Market players report that freight charges have reached astronomical levels because there are not enough containers available. They hope that the situation will calm down again after the Chinese New Year.

Freight rates increased eightfold

Experts at T.M. Duché report that the new year began with a big bang in freight rates from the Far East. Some shippers reported to logistics news portal The Loadster that freight rates, which are usually USD 2,000 for a 40' FCL, have risen to as much as USD 16,000 in some cases for deliveries in the second half of January. This is primarily due to the prevailing container shortage. Companies are now delaying shipments as much as possible in the hope that prices will return to normal after the Chinese New Yea

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