European shipping rates double due to Red Sea crisis
Time:Mon, 10 Jun 2024 09:14:10 +0800
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The Red Sea crisis disrupted the order of the global shipping market, and freight rates on the Eurasian route doubled.
According to the report, the country will indefinitely close the air and seaports due to a general strike in Nigeria. There was also serious congestion at the Singapore port, with hundreds of thousands of containers blocked and ships waiting to queue up outside the port.
A combination of congestion at ports worldwide and the serious port congestion issue have affected the delivery date and related fees to pay for the waiting time.
