Lack of containers drives shipping costs to new high

Lack of containers drives shipping costs to new high

Ocean freight rates have climbed to new highs as a shortage of shipping containers continues to squeeze the global market. The average cost of shipping a standard container has risen by 20 per cent this year to more than $4,000, extending a rise that began in...
Containers from Whangārei being taken to Auckland on rail

Containers from Whangārei being taken to Auckland on rail

History has been made with the first containers being transported by rail from Whangārei to Auckland since the revamped rail line reopened earlier this month. Around 919 containers destined for Auckland are being unloaded at Northport at Marsden Pt from the container...
Export-import cost rises as sea freight rate trebles

Export-import cost rises as sea freight rate trebles

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...
Allow use of abandoned containers, shipping companies urge

Allow use of abandoned containers, shipping companies urge

Anticipating a prolonged shortage of empty containers, shipping lines are asking authorities to free up thousands that lie abandoned at ports. The shortage of empty shipping containers, which has inflated rental prices and hampered enterprises’ ability to export goods...