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Sea freight has to be one of the most cost-effective means of transporting goods over long distances ever invented. Even with increasing ocean freight rates, it is often the case it costs as much to ship from Calcutta to London as it does to then clear and haul the container from London to the industrial Midlands.
But rates are on the rise, just as exporters are feeling the impact of slowing demand.
From the consumer's (exporter or importer) point of view, lines are adding insult to injury by not only