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

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

  • Featuring
  • Parisha Tyagi    Brian Ng    Baoying Ng
  • Commodity
  • Agriculture Shipping
  • Length
  • 11:50
  • Topic
  • Coronavirus and Commodities

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

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