CHART OF THE DAY: Shipping Rates From Shanghai Jump 40% in a Week

01/05/24 07:46AM EST

This chart from today's Early Look by Ryan Ricci shows a sharp rise in containerized shipping rate, which is also up 79% Y/Y. 

CHART OF THE DAY: Shipping Rates From Shanghai Jump 40% in a Week - cotd

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CHART OF THE DAY: Shipping Rates From Shanghai Jump 40% in a Week - sector schedule 720

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