High Shipping Costs Are Here to Stay, Says Bloomberg
By Henry Ren (Bloomberg) Stubbornly high shipping expenses for businesses are getting sealed into contracts for the next 12 months, forcing companies to pass the extra costs on to consumers....
FRANKFURT (Dow Jones)–German shipping group Hapag-Lloyd said Friday it has increased freight rates for all cargo and container types between Europe and North America with effect from July 1.
The company attributed the price rise to unsustainable revenue and continuous cost increases.
-By Kirsten Bienk, Dow Jones Newswires
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