Ocean Shipping Rates Have Plunged 60% This Year

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Jul 15, 2023

Ocean Shipping Rates Have Plunged 60% This Year

Listen (2 min) Freight rates on the main ocean trade routes are sinking during

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(2 min)

Freight rates on the main ocean trade routes are sinking during what is typically the industry's peak season after cargo owners shipped holiday goods early and inflation dented consumer demand.

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