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Freightos data show Asia-to-Northern Europe container rates rose 461% from mid-October, with North American East and West Coast rates up 130% and 97%. Carriers have added surcharges of $500 to $2,700 per container as ships avoid the Red Sea.
Longer Cape of Good Hope routings and surcharges raise the cost of moving feed and grain cargoes, which tends to widen freight and landed-cost spreads for importers.
markets.bostonherald.comAssociated PressMar 6, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
