EconomyMaritime shipping costs surge to record highs on conflicts and climate factors — FT
Conflicts and climate change have sharply increased transport costs on key maritime and river routes, the Financial Times reports. Rates for oil shipments from the Persian Gulf to Asia reached a record $15.22 per barrel last week, amid the effective closure of the Strait of Hormuz, droughts and disruption around the Panama Canal, Red Sea and Black Sea.
Maritime shipping costs surge to record highs on conflicts and climate factors — FT