INTERVIEW: Container Freight Overview by S&P Global Platts - Feedinfo Summit
For several months, the high cost of ocean shipments due to container shortages and subsequent delays have been significant concerns for companies operating in the animal nutrition space. Looking at the key Shanghai-Rotterdam supply route, prices are at least six times higher than last year, according to the Drewry World Container index August 2021 weekly reports. Premiums to secure shipments have escalated, making the cost to ship double or more the published rates.
Expensive sea freight costs have been limiting financial incentives for feed additive importers...
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