Source link Disruptions in the Red Sea have reportedly caused container prices to double in just a month The average cost of a container has more than doubled globally in the past month, according to an article in the Wall Street Journal published on Sunday. The disruptions caused by the continued Houthi attacks on cargo […]
Tag: rates
Red Sea unrest sends freight rates skyrocketing – media — RT Business News
Source link Asia-to-Europe shipping prices have doubled as logistics giants are forced to reroute cargos around the southern tip of Africa Container freight rates are surging as attacks by Yemen-based Houthi rebels on cargo ships in the Red Sea have forced shipping giants to send vessels around southern Africa’s Cape of Good Hope, Reuters reported […]
Russian neighbor to hike rates for oil transit to Europe — RT Business News
Source link The transit of Russian oil through Belarus will become more costly next year, the Kommersant business daily reported on Saturday, citing Russian energy export giant Transneft. According to the report, the Belarusian operator of the Druzhba pipeline, Gomeltransneft Druzhba, has reached an agreement with Transneft to hike the transit tariff by 10.2% starting […]
Ocean freight rates skyrocket – CNBC — RT Business News
Source link Uncertainty over a key route linking Asia and Europe has been pushing shipping costs higher Global logistics companies have been hit with rising ocean and air freight prices and stranded cargo as a result of vessels being diverted from the Red Sea amid the risk of attacks from Houthi militants in Yemen. According […]
Russian central bank increases interest rates to 16% — RT Business News
Source link The fifth hike since summer comes amid high inflationary pressure, according to the regulator The Bank of Russia on Friday raised the key rate by 100 basis points to 16% per annum, explaining that current inflationary pressures remain high. It’s the fifth hike in a row since summer, when the rates were at […]
NATO state raises interest rates to 40% — RT Business News
Source link Türkiye’s central bank hiked its key interest rate to 40% on Thursday in an effort to tackle soaring inflation. The rise by another 500 basis points from the previous 35% is double the increase that economists expected. The projection was for an increase of 250 basis points. The move was seen by the […]