Ship freight costs

SCA chief: Ship freight costs rose from $750 to $6,800 per container due to tensions in Red Sea region

Sun, 03 Mar 2024 - 07:20 GMT

In response to the crisis, the Suez Canal Authority has held meetings with various stakeholders to address disruptions in global supply chains. Efforts have focused on mitigating the impact of prolonged journey times via the Cape of Good Hope route and addressing the lack of ports and logistical services along this route.

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