CHINA's ocean freight rates climbed 12.6 per cent to 3,044.77 on the Shanghai Containerised Freight Index last week, breaking the 3,000-point mark for the first time since August 2022, reports the South China Morning Post.

Freightos head Judah Levine stated that shippers might face months of elevated rates and delays due to higher demand and restricted capacity, although the extent of these disruptions may be less severe than those experienced during the pandemic.

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