Red Sea crisis impact on box rates more rapid than Covid-19
The Red Sea crisis has seen ocean freight rates increase faster than in the early months of the Covid-19 pandemic as swathes of shippers are told some of their contracts will not be honoured.
Xeneta, an ocean freight rate benchmarking and intelligence platform, has released data that reveals shipping costs on key trades from the Far East to Europe spiked more than 200% in the
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