Suez Canal Blockage’s Ripple Effect Affects Shipping Industry

  • Suez Canal blockage effect has rippled and still affects the shipping industry.
  • Severe shortage of containers have pushed freight rates to an all-time high.

It’s been two months for the reason that Suez Canal blockage occurred, however its impression continues to fret the transport commerce as extreme scarcity of containers have pushed freight charges to an all-time excessive to key markets just like the US and Europe, reports The Hindu Business Line.

Worst affected Leather Industry

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