A REPORT from the New Zealand Ministry of Foreign Affairs and Trade said global shipping rates have nearly doubled since late April, yet remain far below the peak reached during the Covid scare, reported Radio New Zealand. ‘The main reason is the current disruption in the Red Sea, which has stretched global shipping capacity, with more shipping needed to service European and Asian routes,’ the report said. ‘Since December, there has been a 50 per cent fall in shipping traffic navigating the...
https://www.seanews.com.tr/cost-of-nz-exports-rises-due-to-ongoing-red-sea-crisis/200969/