Trade
Global Shipping Costs Creep Higher After 16-Month Freefall
- Drewry world container index climbed for fourth week
- Rates from Shanghai to LA, Rotterdam also increasing
A container ship at a terminal in Yokohama, Japan.
Photographer: Kiyoshi Ota/BloombergThis article is for subscribers only.
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Spot rates for shipping containers jumped by the most in more than two years, a sign that a 16-month slump in ocean-freight costs that helped ease the sting of goods inflation is over.