Contractors hit by ripples of shipping ‘super-inflation’

15 Jul 2021 By

Digital Edition: Contractors hit by ripples of shipping ‘super-inflation’

UK contractors are suffering from the knock-on effect of a shortage in global shipping capacity. Shipping costs from Asia to the UK soared 500 per cent between June 2020 and June 2021, according to Philip Damas, head of supply chain advisers at maritime consultants Drewry.…
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