Five Factors That Affect Shipping Container Prices
It is a well-known fact that around 80 % of global trade takes place through the maritime route. This highlights the importance of maritime transport and the shipping industry to maintain the vitality of the global economy. There are a number of internal and external factors that decide the healthy function of maritime logistics and its price. Maritime Shipping containers are one such important internal factor that can impact the freight price or translate to supply chain disturbance . It is to be taken into account that since May 2021 global cargo containers price has increased by 60%, significantly impacting shipping logistic prices. Countries around the world are regulating container exports and imports to ease the situation. Let us know five reasons behind the rising cargo box cost: Global Pandemic adding sky-high containers price The global pandemic has impacted the price of freight units in two ways. During the global lockdown, many countries closed their ports as a result empty