Downunder shipping costs are still elevated

Maersk reported record profits in the September quarter. (Image: iStock)

Wed, 18 Jan 2023

Shipping costs to and from New Zealand and Australia remain elevated, even as costs between the major markets of China, the United States and Europe have returned to near pre-covid levels.“What we’re hearing is that rates are easing, but not a lot, and certainly not as much as we’re seeing on other lines,” said Susan Kilsby, an agriculture economist at ANZ Bank NZ.The Drewry world container was stable at US$2,132.49 (NZ$3,329) per 40-foot container on Jan 12, 79% below the peak of US$10,377 reached in September 2021, alt...

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