Global Conflicts and Climate Change Drive up Shipping Costs
4 Articles
4 Articles
Global conflicts and climate change drive up shipping costs
Global conflicts and the impact of climate change are driving up the costs of shipping worldwide, underlining concerns over the fragility of international supply chains and stoking inflation. The wars in the Gulf and Ukraine have essentially shut off some of the world’s key passageways for global commodities, while extended droughts have restricted travel through the key arteries such as the Panama Canal. The strangleholds have forced some to se…
At a time when shipping is facing geopolitical crises and disruptions in sea lanes, regulatory requirements, cyberattacks, Clarita Global Matrix Ltd is attempting to differentiate itself from ... More
Renewed price pressure for retail as global shipping costs soar
Freight rates have jumped sharply for retailers across key shipping corridors including the Red Sea, Panama Canal, Black Sea and Europe’s Rhine as war and drought disrupt global trade. The latest disruption threatens to push up sourcing costs for retailers and could ultimately feed through into higher prices for consumers. Container shipping has been particularly affected, with average spot rates from the Far East to the US East Coast climbing 2…
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