Red Sea Blockage Leads To "Out Of Control" Shipping Rates; Charters Hits $100,000 Per Day

Source: https://www.zerohedge.com/markets/red-sea-blockage-leads-out-control-shipping-rates-charters-hits-100000-day
Published: Jan 25, 2024
Author: Tyler Durden
Post Date: 2024-01-25 11:47:37 by Horse
Views: 70

“The lines are charging what they like at the moment, whether that is to the west or east coast, the market has been taken over by a return of the pandemic ‘fear factor’ of not getting product shipped,”


Poster Comment:

This will increase wait time for spare parts and for necessities that poor people want.

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