Surge in demand leading to record rise in cargo shipping costs
Transport minister warns of upward pressure on freight rates as cost of shipping a container from China to Ireland has increased tenfold in past year
Minister for Transport Eamon Ryan has warned about the rising cost of cargo shipping, which is expected to have a knock-on effect on consumers and businesses.
The cost of shipping a container of goods between Ireland and China is up to ten times more expensive than last year. The increase has been caused by a combination of factors including surging demand after the Covid-19 pandemic, Covid-19 outbreaks in Chinese ports, the recent blockage of the ...