Russia’s War On Ukraine Could Triple Ocean Shipping Rates
Posted On
March 23, 2022
Experts predict that ocean shipping rates could double or triple due to the Russian invasion of Ukraine. Shipping rates could surge from $10,000 per forty-foot container to $30,000, while air freight rates might spike even higher.
Resources:
- Business Insider: Russia's war on Ukraine could triple ocean shipping rates to $30,000 per container, expert says
- Timber Industry News: Russia's war on Ukraine could triple ocean shipping rates