Surge in Shipping Rates Amid China's Export Boost
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Surge in Shipping Rates Amid China's Export Boost
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Rising shipping rates from China due to increased exports are impacting costs, while the number of trucking companies exiting the market has reached a high, indicating domestic challenges. Furthermore, significant layoffs are occurring within major freight companies, and maritime safety concerns are underscored by a near-collision in Norway involving a helmsman who fell asleep. Overall, the we highlight various pressures, from economic shifts and labor issues to safety incidents, affecting the industry.
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