Trade hit by record 60% surge in freight - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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Trade hit by record 60% surge in freight

Freight rate for October has risen sharply from $300 to $800 (per 40ft full container load), particularly for Middle East, European, North and South American ports. Availability of containers has further worsened even at regular ports like Mundra and Nhava Sheva, while the situation in inland container depots is worse.

from Economy-News-Economic Times
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