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Benzinga
Benzinga
Business
Natan Ponieman

Global Freight Rates Are Going Down— Will This Lead To Chaos For Shipping Companies?

Maersk NYSE

The international price of global freight shipping is dropping in a trend that could have ripple effects across the entire shipping industry.

By mid-July 2022, the price of shipping one 40-foot container from Shanghai to Los Angeles had dropped 24% year over year, according to data from the Drewry World Container Index.

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