A group of shippers in Thailand is concerned rising freight rates coul impact exports in the second half of the year.
The group plans to propose to the appropriate public sector committee hat it address the issue of high costs.
Red Sea problems have resurfaced, which has led to to a 30-40% increase in freight rates within a month. It is feared that exports may not meet shippers’ targets.
Exports posted growth in April, expanding by 6.8% year-on-year, causing the first four months this year to register a gain of 1.4%.