Shipping costs fall to two-year low as new vessels enter service

Analysts say lower freight rates could ease prices for imported goods by the new year.

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The cost of shipping a standard container between the region’s main ports has fallen to its lowest level in two years, according to an industry index.

A wave of new, larger vessels ordered during the pandemic boom is now entering service, increasing capacity faster than demand.

Retailers said savings would take several months to reach shop shelves.

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