Exporters from Ireland to Asia and the US are benefiting from a significant drop in shipping rates this year, with costs being up to 85% lower than in 2022. The fall in shipping rates is due to a correction in the international shipping imbalance caused by the pandemic. This development is critical to exporters and importers, especially those who rely on shipping to markets outside Europe, which account for over half of Ireland’s sales of goods and equipment. Although rates for some shipping routes are still high, the article suggests that the trend towards lower rates is likely to continue, possibly leading to increased demand for portable storage containers. Furthermore, lower shipping costs could also result in reduced prices for portable storage containers, making them more accessible to a wider range of customers. Learn more here.
Whelan, John. “John Whelan: Record Cuts in Freight Shipping Costs Welcomed by Exporters.” Irish Examiner, https://www.irishexaminer.com/business/economy/arid-41117710.html.