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FREIGHT RATES COULD RISE AGAIN

 

Experts are predicting that the delays caused by the stranded Ever Given in the Suez Cannel could lead to further increases on the already high China freight rates.

With over 300 vessels now waiting to travel through the Suez cannel, the back log will take weeks to clear and the knock on effect will be vessels arriving closer together into Europe causing port delays that will then impact on return journeys to China.

In addition vessels already stuck on route back to China will be delayed so the fleets will take months to realign.

 

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