Higher freight rates, delivery delays frustrate buyers

By Yoke Wong
Published: Wednesday, 17 May 2017

Container shipping costs have been increasing since end-2016 and the uptrend is expected to stay in the near-term. Despite higher freight rate, industrial minerals market participants reported delays and limited vessels availability.

Rising freight rates over the past few months amid reduced vessel availability have delayed minerals shipments and many are expecting the logistical disruptions to continue.  

Container shipping costs from China have been increasing almost on a monthly basis since the end of last year, with some shippers facing difficulty...