Freight Rates Rise as Red Sea Disruption Spreads

Freight Rates Rise as Red Sea Disruption Spreads

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Last week authorities from a group of 12 nations, including the U.S. and UK, issued a “final warning” for the Houthis to cease their Red Sea attacks, understood to be backed by a threat of strikes on Houthi targets in Yemen, according to cargo marketplace Freightos. This statement was followed by a China representative to…

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