PARLIAMENTARY WRITTEN QUESTION
Shipping: Containers (20 April 2022)
Question Asked
To ask the Secretary of State for Transport, what assessment he has made of the reasons for the recent rises in shipping container costs.
Asked by:
Jonathan Reynolds (Labour)
Asked by:
Jonathan Reynolds (Labour)
Answer
My Department has been monitoring international shipping operations and engaging closely with the sector throughout the period of operational challenges and price rises. Shipping costs rose to a high level in international freight markets during 2021 as a result of unprecedented levels of demand driven by changed consumer behaviour during the pandemic, and global operational factors that impacted capacity. These issues continue in 2022.
Historical trends in the shipping sector are of pricing peaks and troughs, and it is expected that pricing levels will similarly re-adjust when the current demand drivers change, and operational factors improve.
Answered by:
Robert Courts (Conservative)
26 April 2022
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