Soaring Freight Rates Set to Weigh Down Exporters

SEOUL, Nov. 8 (Korea Bizwire) — South Korean exporters are expected to suffer from sky-high freight rates throughout next year, as global trade is set to rise down the road amid the pandemic, industry watchers said Sunday. The Shanghai Containerized Freight Index, a barometer of global freight rates, came to a new high of 1,664.56 [...]