Name: Intercontinental Container Shipping Costs Nearing $10,000 Per Load, Pushing Inflation: Maritime Expert
Uploaded: 2024-07-17T02:15:13.000Z
Description: Container shipping costs are nearing $10,000 per container from Shanghai to the eastern United States, according to data from supply chain advisory firm Drewry.

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Container shipping costs are nearing $10,000 per container from Shanghai to the eastern United States, according to data from supply chain advisory firm Drewry.

To find out more, NTD spoke to Rockford Weitz, an entrepreneurial coach and maritime expert. He says the higher shipping costs are being incurred, in particular, by ships avoiding Houthi terrorists in the Red Sea, and that the longer sea routes are contributing to higher inflation by pushing the cost of goods.

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