Shipping through the Strait of Hormuz is disrupted, causing a sharp surge in global shipping costs. Currently, freight rates have increased by 11 to 12 times.

2026-04-03 10:44:46

Mars Finance News, on April 3, conflict in the Middle East caused shipping through the Strait of Hormuz to be disrupted, driving global shipping costs to surge sharply. In addition, vessels’ war-risk insurance premiums rose rapidly. Moreover, shipping companies also need to factor in freight rates; industry insiders say that freight rates have currently increased by 11 to 12 times. With insurance and costs of detours passing through layer upon layer, it is continuously disrupting global trade and supply-chain security. (CCTV Finance)

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes