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Red Sea crisis pushes freight rates skyward as skipjack tuna prices hit bottom

Freight rates have skyrocketed as commercial vessels in the Red Sea are facing drone and missile assaults by Houthi militants, while skipjack prices in Asia are bottoming out

By Matilde Mereghetti | Jan. 17, 2024 10:28 GMT
Egypt, Red Sea. Container ship Maastricht Maersk heads north up the Red sea toward the Suez Canal on Oct. 3, 2023. The ship was going from Ningbo, China, to Rotterdam. Photo: David G40 / Shutterstock.
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The ongoing crisis in the Red Sea is causing significant delays and prompting freight rates from Asia to Europe and the Middle East to soar, while skipjack prices in Asia are bottoming out [...]

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