DP World’s deputy Chief Executive stated that ships not linked to Israel could begin returning to the Red Sea in as little as two weeks, reports Reuters.
Sea freight prices could fall 20%In a statement to Reuters at the World Economic Forum meeting in Davos, Switzerland, Yuvraj Narayan, Deputy Chief Executive, DP World, stated that ships not linked to Israel could begin returning to the Red Sea in as little as two weeks, adding that freight prices could “come crashing down”.
“Sea freight prices...
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