Posted on June 25, 2021

Global bottlenecks for shipping which are resulting in higher freight rates are expected to remain high until the third quarter of the year, disadvantaging trading economies.

In its weekly economic preview, a market intelligence firm said the continued strong recovery in the global economy is followed by an increase in prices of raw materials and worldwide shipping woes.

“With peak shipping season looming for Christmas retail orders from the US and Europe, shipping bottlenecks and freight rates in Asia are likely to stay at elevated levels during the third quarter,” their chief economist said.

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