: :inin Kyiv (EET)

Export-import cost rises as sea freight rate trebles

The Daily Star January 15, 2021
Acute container shortage partly to blame

An ocean-going vessel with containers on board is seen in the Karnaphuli river in Patenga. Photo: Star/File

Dwaipayan Barua

Both import and export costs have risen after the sea freight rate trebled in two months because of an acute shortage of empty containers and a rise in demand on the Asia-Europe and transpacific routes.
More than 90 per cent of Bangladesh’s $100-billon external trade is seaborne.
Businesses say they are already facing higher import and export costs because of the rising sea freight rates.
Most of the mainline operators started raising freight charges in …read more

Source:: The Bangladesh Chronicle