Red Sea Crisis: Surge in Ocean Freight Rates Outpaces COVID-19

Red Sea Crisis: Surge in Ocean Freight Rates Outpaces COVID-19

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Houthi attacks on shipping have triggered a sharp rise in ocean freight rates, surpassing the speed of increase experienced during the initial phase of the Covid-19 pandemic, reports Xeneta, an ocean freight benchmarking firm based in Oslo. According to Xeneta data, shipping costs on main routes…

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