freight rates Archives | Be Korea-savvy

Soaring Freight Rates Set to Weigh Down Exporters

SEOUL, Nov. 8 (Korea Bizwire) — South Korean exporters are expected to suffer from sky-high freight rates throughout next year, as global trade is set to rise down the road amid the pandemic, industry watchers said Sunday. The Shanghai Containerized Freight Index, a barometer of global freight rates, came to a new high of 1,664.56 [...]

S. Korean Exporters Stung by Soaring Freight Rates

SEOUL, Sept. 10 (Korea Bizwire) — South Korean exporting companies are suffering from sky-high freight rates and a dearth of container ships, industry sources said Thursday. The Shanghai Containerized Freight Index, a barometer of global freight rates, came to 1320.8 on Friday, up a whopping 61.4 percent from the yearly low of 818.6 in April. [...]