Ocean freight rates skyrocketing - WSJ --Disruptions in the Red Sea have reportedly caused container prices to double in just a month | 23 Jan 2024 | The average cost of a container has more than doubled globally in the past month, according to an article in the Wall Street Journal published on Sunday. The disruptions caused by the continued Houthi attacks on cargo vessels in the Red Sea are sending shockwaves across global supply chains, delaying shipments and raising transportation costs, the article states. The data cited by the outlet, which is from London-based Drewry Shipping Consultants, shows that the average worldwide cost of shipping a 40-foot container jumped 23% to $3,777 just in the week ending January 18. That puts the current rate at more than double what was being charged a month ago.

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