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After Suez Canal Crisis, Freight Rates Are Sky High. When Will Fees Fall?

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In the aftermath of the Suez Canal blockage and bottleneck, port congestion is expected to remain a concern until at least mid-May and carrier schedules are unlikely to return to near-normal operations before mid-June, particularly on the Asia-Europe route, according to a new report from Everstream Analytics. A month after maritime traffic in the canal…

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