24 Mar 2021 | 04:00 UTC

Listen: Container freight costs climb as priority-loading premiums take centerstage in Asia

The cost to ship goods on containers are climbing as additional premiums, such as the priority-loading premium, take hold in the market. The premium, which can be from 50-70% over the freight all kinds rate for Southeast Asia to the US and Europe routes, ranges from $2,000-3,500/FEU.

S&P Global Platts Container Market experts Ng Bao Ying and Parisha Tyagi examine how the rise in rates echoes a tight container shipping market. Brian Ng, Platts agriculture market specialist, joins in to share insights on the impact of shipping rate and logistical issues on India's sugar exports.

Learn more: Platts Container Market Insights, Products and Services

Get in touch with our team: containers@spglobal.com