Fears are rising ocean freight rates may surpass $20,000 with no relief for global trade into 2025
Publishing timestamp: 2024-06-13 13:24:34
Summary
Ocean freight rates from Far East to U.S. are up significantly, with forecasts warning that prices could reach $20000 to $30000 and stay there into 2025. Air freight prices have also increased due to increased demand. Port congestion and potential strikes are adding to concerns in the global supply chain.
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Keywords: asia economy, apple inc, singapore, world economy, breaking news: economy, business news, shanghai, trade, united states, economy, u.s. economy,