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Shipping disruptions in the Strait of Hormuz have caused global shipping costs to skyrocket, with freight rates now increasing 11 to 12 times.
Jin10 Data
2h ago

Author：Currency Explorer

According to Jinshi Data on April 3rd, the Middle East conflict has disrupted shipping in the Strait of Hormuz, causing a sharp rise in global shipping costs and a rapid increase in war risk insurance premiums for ships. Furthermore, shipping companies also need to consider freight rates, which industry insiders say have already increased 11 to 12 times. The cascading costs of insurance and detours are continuing to impact global trade and supply chain security.

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