Reported 12 months ago
Due to the ongoing crisis in the Red Sea, global container shipping freight rates have been continuously rising. Yang Ming Marine Transport (2609) has announced to customers that an additional comprehensive rate increase fee will be imposed starting from August 1, with the amount being twice as much as the previous month, resulting in a $2000 increase per 40-foot container. This continuous surge in freight rates is attributed to strong market demand in the container shipping industry, with prices expected to challenge historical highs, benefiting container shipping giants like Evergreen (2603), Yang Ming, and Wan Hai (2615).
Source: YAHOO