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Written question asked by Steve Baker (Conservative) on Tuesday, 30 November 2021, in the House of Commons. It was due for an answer on Friday, 3 December 2021 (named day). It was answered by Robert Courts (Conservative) on Friday, 3 December 2021 on behalf of the Department for Transport.


Shipping: Containers

Question

To ask the Secretary of State for Transport, what steps he is taking to work with the shipping industry to reduce container shipping prices; and if he will make a statement.

Answer

My Department is engaging with, and closely monitoring, the sector, along with other government departments. Shipping costs during 2021 have risen to a global high level in international freight markets as a result of unprecedented levels of demand driven by changed consumer behaviour during the pandemic.

Historical trends in the shipping sector shows pricing responds to supply and demand. Although industry estimates that high levels of demand and pricing are likely to continue into 2022, it is expected that pricing levels should similarly re-adjust when the current demand drivers change.

Nevertheless, Government continues to engage with the sector and will consider options to act in any helpful and appropriate way.


Secondary information

Type
Written question
Reference
84344
Session
2021-22
Related items
Shipping: Containers
Friday, 3 December 2021
Written questions
House of Commons
Subjects
Prices Shipping Containers
Link
View this Written question on www.parliament.uk