Hormuz disruption puts cost pressure on shipping lines even as freight rates rise
· thehindubusinessline.com
The disruption around the Strait of Hormuz is putting significant cost pressure on global shipping lines. Maersk and Hapag-Lloyd announced their quarterly financial results on Thursday, reporting higher bunker fuel, insurance, storage, rerouting and inland transportation expenses. This is even as they raise freight rates to pass on a part of the additional costs to customers.
The disruption around the Strait of Hormuz is putting significant cost pressure on global shipping lines. Maersk and Hapag-Lloyd announced their quarterly finan...