Shipping and freight costs set to stay high, warns Maersk boss
Vincent Clerc of the Danish shipping giant said he expects international rates to remain at least 25 per cent higher from now on
International shipping and freight costs are likely to remain permanently higher in the years ahead, a senior executive in one of the world’s largest shipping companies has warned.
Vincent Clerc, chief executive of ocean logistics with Maersk, the Danish shipping giant, said he expects international shipping rates will stay at least 25 per cent higher from now on due to widespread inflationary pressure in the logistics industry.
“The disruptions, congestions and inflation that we’re seeing ...