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Ocean Freight Rates Wobble as Geopolitical Conflicts Impact Trade Routes

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The World Container Index (WCI)–a composite of container freight rates on eight major routes to and from the U.S., Europe and Asia–assessed by maritime research group Drewry, was down 1.5 percent to $1,290.80 per 40-foot container or equivalent unit (FEU) for the week ended May 30. The composite index was down 6.9 percent from a…

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