Businesscafe - May saw the highest ever monthly increase in long-term contracted ocean freight rates, as the cost of locking in container shipments soared by 30.1%.
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Businesscafe - With the onset of the COVID-19 pandemic in early 2020 and the subsequent lockdowns witnessed in countries across the world, global demand for goods showed a dramatic increase in the second half of 2020 as well as in 2021.
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