Posted on September 29, 2021

As freight rates for container ships continue to rise, food prices keep increasing.

The president of the Japanese Shipowners’ Association, expressed his view that it will take considerable time for such a situation to be normalized.

“Without a resolution of the novel coronavirus [crisis], things don’t improve easily,” said Ikeda.
Container shipping rates continue to increase: freight rates per 12-metre-long container for Shanghai to Los Angeles have been two to three times higher than the same month a year earlier since January. In July, shipping fares from Los Angeles to Yokohama more than doubled.

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