Global ocean shipping rates hit two-year high due to US tariffs — FT

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Global ocean shipping rates have reached a two-year high, with the cost to ship a 40-foot container from China to the US East Coast spiking to $7,880, driven partly by US tariffs, according to digital shipping platform Freightos.

According to digital shipping platform Freightos, the cost of shipping a standard 40-foot container from China to the US East Coast surged to $7,880