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Glimmer Of Hope Despite Challenges In Global Shipping Environment

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Shipping Rates Are Soaring. Will They Refuel Inflation?

Barron'sJun 26 03:44 ET

Continued tensions in the Red Sea region have led to an Uber-style price increase in the global shipping industry.

After the Houthi armed forces launched a missile at ships heading to the Suez Canal, shipping costs more than doubled, increasing from around $1,200 per trip in 2023 to $3,400 in January.

Zhitong FinanceJun 24 07:42 ET