Cost of sea freight increased 196%, affecting the metals sector

Since the pandemic began, the cost of maritime freight has increased by an average of 196%, according to ASIMET president Dante Arrigoni. The industry leader pointed out that this is one of the difficulties that the metal-mechanic metallurgical sector is facing to achieve its reactivation. In addition to the rise in shipping rates, the sector has been impacted by supplier stock-outs, a situation that affects around 85% of members, according to a recent survey.

Source: Diario Estrategia