Business: Freight Shipping Rates Rise

Business: Freight Shipping Rates Rise

Investor interest in the shipping industry increases as freight rates rise. Shares of transport companies have had an exceptional year against a backdrop of strong demand for products made in Asia and skyrocketing shipping prices. Profits accelerated, boosted by skyrocketing freight rates from North Asia to the United States and Europe.

The oil industry’s main lobby group is gearing up to approve a price tag on carbon emissions, which would be the strongest signal yet that oil and gas producers are ready to accept the government efforts to deal with climate change. The American Petroleum Institute is about to agree to put a price on carbon emissions.

Royal Caribbean’s new ship, the Odyssey of the Seas, will sail from Israel in May with a Covid-19 vaccine requirement. The…

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