Subscribe to RSS feedAsia-US box rates jump on shortage of ships, hike hope
by
Janet Porter, London
—
last modified
Feb 15, 2010 10:06 AM
THE COST of shipping containerised cargo from Asia to the US soared last week as shippers fought for space and even resorted to airfreight for some high-value goods.
Drewry’s weekly Hong Kong-Los Angeles container rate benchmark leapt 20.5% in the space of seven days to stand at US$2,012 per loaded 40 ft container at one point.
A severe shortage of ocean capacity was blamed for the dramatic turn...
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