Container shipping costs to Middle East rise for third straight month in May

AI Summary

Container shipping costs from South Korea to the Middle East increased for the third consecutive month in May, with the average charge for a 40-foot container rising by 4.9% to 6.81 million won (US$4,520). This trend highlights continued upward pressure on shipping prices in this trade route.

Container shipping costs from South Korea to the Middle East extended their gains to the third consecutive month in May, the customs agency said. The average shipping charge for a 40-foot container from South Korea to the Middle East rose 4.9% from a month earlier to 6.81 million won (US$4,520) in May, according to data ...