Global container shipping

Global container shipping

Photo: BSS/AFP

Pandemic drives sea freight prices to record high

"There's been a massive shortage of empty containers, they are in the wrong place, they are stuck in ports and not in Asia ready to be loaded"

A container ship which was hit by strong wind and ran aground is pictured in Suez Canal, Egypt March 24, 2021. SUEZ CANAL AUTHORITY/Handout via REUTERS

Suez Canal diverts ships to old channel after giant container ship runs aground

Container shipping, the backbone of the global trading system, is showing signs of fatigue as the pandemic descends into its darkest days. PHOTO: REUTERS

Bottlenecks rattle world economy backbone of container shipping

A container ship docks at Pasir Panjang terminal in Singapore November 17, 2020. REUTERS/Edgar Su

Container freight rates soar on consumer goods boom, supply chain kinks