Lars Kenson News Today : Breaking News, Live Updates & Top Stories | Vimarsana

To rotterdam, freight prices have increased by an eye—watering 570% in the last 12 months. but shipping costs between asia and the us also dropped i6% last week, marking the first significant dip since august. costs for shipping containers have fallen by more than 51% on some routes between september and october. the spot rate for shipping a 40—foot container from china to los angeles has dropped from us $17,500 to us $8,500. joining me now is lars kenson, independent shipping analyst and ceo of vespucci maritime. welcome, hopefully you can explain this to us. this is a sign of the market ...

And that will make matters worse. why has the cost of shipping containers dropped on at some of the roots? because you have the seasonal slump right now, you have all that cargo you want to cram it through the pipeline here a couple of weeks ago. so now you have a little bit of room, that is the effect you see but it is likely the effect may be temporary. and what about the wider picture? have more guards been transported around the world or is it pretty much at the usual pace? —— woods. slightly more than the usual pace. we are up some 3% or 4% compared to before the pandemic, globally. w...