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Ocean Freight Rates Climb as Demand Outstrips Supply

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The Freightos Baltic Global Container Index (FBX) climbed 9 percent in November to a rate of $2,442 per 40-foot container or equivalent unit (FEU), an 89 percent increase annually, driven by an extended peak season and a container shortage that is driving rates up on Asia-Europe and Asia-Mediterranean lanes, Judah Levine, research lead at Freightos,…

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