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Freight rates on the Far East–Middle East and Indian subcontinent route climbed sharply during the peak season as importers rushed cargo into the region and ports became congested. The route’s price index was reported up 250% since the start of the year, while year-to-date volumes were down 12%.
Strong cargo demand against constrained shipping and port capacity is pushing freight costs higher on the route, raising the delivered cost of goods for Middle Eastern importers.
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