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
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