Strait of Hormuz shipping gets costlier and riskier amid conflict
Just read about how shipping through the Strait of Hormuz is getting way more expensive and risky due to the conflict. Major companies like Hapag-Lloyd and CMA CGM are adding huge war risk surcharges-up to $4,000 per container-and insurance coverage is being cancelled. Attacks on tankers are forcing ships to avoid the area, causing delays and port congestion. Experts say this is disrupting trade and could shelve plans to return to safer routes soon. It's a reminder of how regional instability directly impacts global shipping costs and logistics.
https://www.thenationalnews.co