Red Sea attacks cause shipping rates to skyrocket

The Red Sea crisis has led to disruptions in passage, significantly increasing transit times for trade between Asia and Europe. At the same time, comprehensive transportation costs have skyrocketed. Some shippers have reported that the quotes for shipping four containers from China to Morocco have increased by several hundred thousand yuan compared to early December last year. Freight forwarding companies have provided feedback that container prices, which were previously in the range of $2300-$2400, are now conservatively estimated to be around $6500. Amid the "Black Swan" events, some domestic foreign trade enterprises are grappling with logistical challenges, testing ...