Container shortage pushes freight rates to almost triple in Myanmar

Container shortage pushes freight rates to almost triple in Myanmar

In a combination of globalization and pandemic effect, the price of containers to be shipped out of Myanmar has almost tripled in the past 6 months. This is a global phenomenom including other parts in Asia: the Shanghai Containerized Freight Index a
Myanmar’s sea trade up 10% YoY

Myanmar’s sea trade up 10% YoY

As reported by Xinhua, Myanmar’s trade through sea routes for current fiscal year (started in October) reached over USD 4.8 billion as of December 6. With USD 2 billion earned through maritime export and imports amounting to USD 2.8 billion, th