Freight fares between Asia, Europe, and the Americas have jumped by as much as 173 percent since last November due to the ongoing Red Sea crisis. This is according to a report issued by the multinational company "Freightos.com", which specializes in shipping operations and monitoring data related to the maritime transport industry.
The spot price of shipping goods in a 40-foot container from Asia to northern Europe now exceeds $4,000, up from an average of $1,900 previously, the company said. Between Asia and East Coast markets, it increased nearly 55 percent, to $3,900 for the 40-foot container.
Source (Anadolu Agency, Edited)
