Container shipping rates have hit record highs 18 months after the outbreak of the Covid-19 pandemic, that had lead to a shortage of vessels and empty containers.
THE extended lockdowns are already causing big challenges to exporters, on top of that, the cost to ship containers has skyrocketed, possibly pushing out exporters of low cost items.
With reduced demand locally, these exporters of lower cost items risk losing export markets which will have a drastic impact on their revenue.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
