London - Global shipping rates have plummeted by more than 18 percent since the beginning of the year. Experts in the shipping industry attribute the sharp decline to factors including U.S. President Donald Trump’s tariff policies and an oversupply of global container ships. They predict shipping rates could drop by more than half this year.
According to the shipping industry on Jan. 30, the Shanghai Containerized Freight Index (SCFI) stood at 2,045.45 as of Jan. 24. The index, which is compiled and released every Friday, peaked at 2,505.17 on Jan. 3 but . . .
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