Posted on June 18, 2021

The increasing price of shipping goods across the world may affect your household expenses from a cup of coffee each morning to children’s toys.

Shipping a 12m steel container of cargo by sea from Shanghai to Rotterdam now costs a record of US$10,522 which is 547 per cent higher than the seasonal average over the last five years, according to a Shipping consultancy.

Over 80 per cent of all goods trade is transported by sea, so freight cost inscreases are threatening to boost the price of everything from toys, furniture and car parts to coffee, sugar and anchovies, compounding concerns in global markets already bracing themselves for increasing inflation.

Gothenburg Seafreight air freight Egypt containers container freight forwarding Latvia Sweden freight Singapore logisitics exporters Germany France exports Norway freight Denmark freight forwarders waste Hong Kong imports italy Covid-19 Finland exports China Freight Shipping South Africa Greece Switzerland Sweden Brexit rail freight Australia Turkey India U.S.A USA Netherlands wine Ireland logistics Spain Swedish shipping Poland Canada cargo Japan China