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.