KUALA LUMPUR : Global shipping costs are expected to remain high next year, with freight rates likely to continue rising due to ongoing challenges in the shipping industry, including US President-elect Donald Trump’s tariff threats and the situation in the Red Sea.

CMA CGM (Taiwan) Ltd., Managing Director, Mr. John Lim noted that the targeted tariffs on China’s imports would push the country to seek new markets, leading to a shift in trade routes toward Europe, Southeast Asia, and other regions.

“China’s biggest challenge right now is to . . .