Panama & Suez Canals Impact Shipping

<div>Panama & Suez Canals Impact Shipping</div>

Transpacific ocean rates were level to close November and about even with the start of the month, with prices to the West Coast 22% higher than in 2019 and East Coast rates 9% below the 2019 mark, according to freight marketplace Freightos. Though rates haven’t responded yet, other signs have started emerging that tightening Panama…

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