A new report by UNCTAD University highlights that the costs of environmental compliance, including emissions pricing, mainly work to change the charging economies, which leads to a significant high transportation costs that are not impartially impatient for smaller countries. According to the source, these disturbances also increased the congestion of the port and waiting times for the extended ships, which increased the expenses.
Also read: Press points: How to restore geopolitical tension and economic flow to form a global shipping container market
The results received from the report are confirmed by data from the Indexbox platform, indicating a noticeable increase in the indicators of the global charging rate during the past year. UNCTAD urges targeted interventions to mitigate cost increases, including measures to enhance ports infrastructure, facilitate pre -trade, and improve the ability to predict international trade policies.
Source: Indexbox Market Intelligence
