Container shipping costs to US, Europe fall amid tariff uncertainties

Container shipping costs to the United States and Europe declined last month amid uncertainties surrounding global trade due to Washington's tariff scheme, the customs agency said Monday. The shipping cost for two twenty-foot equivalent units (TEUs) of containers from Korea to the U.S. west coast decreased 3.9 percent from the previous month to 5.28 million won ($3,802), according to data from the Korea Customs Service. Shipping rates to the U.S. east coast dropped 7.5 percent to 5.84 million won during the same period. Shipping costs to the two U.S. regions had fallen for the past two months after rebounding in June, the agency said. Freight rates from South Korea to the European Union also fell 4.3 percent on-month in August, to 3.77 million won. Meanwhile, shipping costs to China and Vietnam fell 16.9 percent and 21.4 percent, respectively, during the same period. In contrast, shipping costs to Japan rose 2.4 percent from the previous month to 727,000 won, according to customs agency data.Weiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times