[Sea freight prices on Middle East routes have continued to rise, with some rising by more than 50%] September 5th. Recently, affected by the changes in the situation in the Middle East and the extreme weather caused by the El Niño phenomenon, the sea freight prices on Middle East routes have continued to rise, and there has even been a phenomenon where "the freight price is more expensive than the value of the goods." Since late July, shipping prices on the Middle East route have experienced a sharp jump. Taking the Shanghai Port to the Port of Darman as an example, the freight price of a 40-foot standard container has exceeded the US$10,000 mark from around US$6,600, an increase of more than 50%. A person in charge of a freight forwarding company told reporters that space on the Middle East route is now hard to find, and even if space is booked, it will be postponed or canceled due to various reasons. (CCTV Finance)