Container shipping costs to Middle East continue rising in July amid conflict

Container shipping costs from South Korea to the Middle East continued rising in July, the customs agency said Tuesday, amid protracted geopolitical tensions in the region. The average shipping charge for a 40-foot container from South Korea to the Middle East rose 14.5 percent from a month earlier to 8.78 million won ($6,217) in June, according to data from the Korea Customs Service. The reading has been rising since March. The average shipping charge for containers bound for the US west coast

By The Korea Herald