Ocean freight rates skyrocket – CNBC ...News

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Ocean freight rates skyrocket – CNBC
Uncertainty over a key route linking Asia and Europe has been pushing shipping costs higher Global logistics companies have been hit with rising ocean and air freight prices and stranded cargo as a result of vessels being diverted from the Red Sea amid the risk of attacks from Houthi militants in Yemen. According to a CNBC report this week citing industry experts, the situation threatens global supply chains, which are already struggling after three tumultuous years of inflationary pressures and delays from Covid disruptions. Logistics companies reportedly say the ocean freight rate for a 40-foot container from Sh

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