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Sudden container crunch sends ocean freight rates soaring, setting off global trade alarm bells

Ocean freight spot rates are experiencing a sudden, surprise spike as a container crunch in peak shipping season roils global trade and could hit the consumer.

Red seaDjibouti generalUnited statesNew yorkJonathan goldJudah levineEmily stausbGoetz alebrandInternational chamberOrient star groupFederal reserveInternational longshoremen associationUnited states maritime allianceFar eastOcean freight americasLatin america

A sudden container crunch is sending ocean freight rates soaring

Ocean freight spot rates are experiencing a sudden, surprise spike as a container crunch in peak shipping season roils global trade and could hit the consumer.

United statesRed seaDjibouti generalJudah levineJonathan goldEmily stausbGoetz alebrandUnited states maritime allianceInternational chamberInternational longshoremen associationOrient star groupFederal reserveFar eastOcean freight americasLatin americaEast asia

Red Sea crisis seen as bigger impact event for shipping than early pandemic (NYSE:FRO)

Red Sea crisis seen as bigger impact event for shipping than early pandemic (NYSE:FRO)
seekingalpha.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from seekingalpha.com Daily Mail and Mail on Sunday newspapers.

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Daily on Energy: Should it be harder to drill for geothermal than for oil and gas?

Daily on Energy: Should it be harder to drill for geothermal than for oil and gas?
washingtonexaminer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from washingtonexaminer.com Daily Mail and Mail on Sunday newspapers.

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Fears of prolonged Red Sea shipping crisis fuel inflation fears, as oil, retail cargo delays rise

From oil to Home Depot, persistent Houthi attacks in Red Sea and diversion of oil tankers and shipping will lead to a freight supply crunch and higher prices.

United statesRed seaDjibouti generalSuez canalAs suwaysNew yorkUnited kingdomAndy lipowStephen schwarzLos angelesAlan baerEvelyn fornesJean charles gordonGoetz alebrandBendik folden nyttingnesPaolo montrone