Global shipping costs are rising once again

Global-Shipping-costs-are-rising-once-again-July-2024

Global shipping rates have nearly doubled since late April, but fortunately remain far below the peak reached during the COVID-19 pandemic. The main reason is the current disruption in the Red Sea, which has stretched global shipping capacity, with more shipping needed to service European and Asian routes. Since December, there has been a 50% fall in shipping traffic navigating […]

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