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2 hours ago

South Asia capacity cuts and Hormuz closure boost freight rates to 3-year highs

South Asia capacity cuts and Hormuz closure boost freight rates to 3-year highs

Freight rates from South Asia to the US and Europe have surged about 50% in the last two weeks, while rates to the UAE and Saudi Arabia have remained more than three times historical levels for the past three months as tensions surrounding the... Read more.

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