Shipping costs at 13-year high

The shipping industry is posting its highest daily earnings since 2008 – driven by surging demand for goods and raw materials – with the bonanza centred around container shipping
 

Global seaborne trade
(billion tonnes, right-hand scale)

Freight earnings per day
(ClarkSea Index, left-hand scale)

2007-09: Earnings plunge 83.3%  

2008–2009: World trade collapses during financial crisis

2020: Pandemic disrupts world trade, driving up shipping costs

2021: 12.0 (estimate)
									12
									

					     10.8			10 
$, 000s 								
			    8.7					
60		     7.8						8

50 		      $48,500
	6.3								6
40	         $43,100
						  Sep 10, 2021: $37,426
30									4
						  $24,100 
20	    $23,900
				           $17,500			2
10	  $11,700
			    $8,100	     
0									0
  	2000         2005	2010         2015         2020


Sources: Bloomberg, Clarkson Research Services 
Picture: Getty Images 
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