Freight Rates Spike as Red Sea Shipping Disruptions Surge
This week, sea freight rates from Shanghai (China) to the UK increased to $10,000 per 40-foot container, four times higher than last week’s level of $2,400. MSC, the world’s largest shipping company, recently increased container shipping rates from India by 30-40%. By the morning of December 21, a total of 158 container ships were diverted […]
