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WAR risk in the Red Sea region have contributed to a 39 per cent increase in container shipping costs from Korea to Europe, reports Korea’s Yonhap news agency.
The average shipping cost for a FEU on the Korea-European Union route reached US$3,071 last month, marking a 39 per cent increase from a year earlier.
Similar fluctuations in shipping costs across key routes highlight the broader impact of geopolitical tensions on maritime trade.
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