Air freight rates soar as Middle East conflict blocks trade routes - Reuters

<a href="https://news.google.com/rss/articles/CBMiuAFBVV95cUxPTkZfZU9RSndod0xvZ29yLV9seUNzNlY5ZzhFMm1WNWtrZEtDUTlnel9CMG1xcVhqd1ViZkt0dF9tZG5xaGlsVzc0ekNrNXpNT3BlVUZqNkloYmlLOExPcWhQN2VhejdrQTFiTDJNNG04WC1zX3BDUEMtbGowRXYxcWQ4czVma1p1X2VRTlM4Sk5UNE1aYWd5ZFp0WjZpSnUzal9HVElKSFhCSUtrbEF0OWZEWGt1d3hB?oc=5" target="_blank">Air freight rates soar as Middle East conflict blocks trade routes</a>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

Air freight rates from Bangladesh to Europe have tripled, and those to the US have nearly doubled, due to flight cancellations and capacity shortages caused by the Middle East conflict.

Air and sea freight rates have risen sharply, with air freight charges increasing by nearly 250-300%, despite the Indian government's efforts to waive certain import procedures.

The Middle East conflict has led to a 39% drop in Asia-Europe air freight capacity through regional hubs, causing freight rates to soar and threatening supply chain bottlenecks.

The Ghana Shippers’ Authority warns of higher freight rates, extended transit times, and supply chain disruptions due to the Middle East conflict, with shipping lines suspending or rerouting vessels.