Unsurprisingly shipping rates have soared as ships are forced to avoid the Strait of Hormuz, but more unusually shippers have invoked a C19th maritime rule allowing them to leave shipments (now containers) at the 'nearest' port to be picked up by the client at their own expense.... resulting in customers finding their containers/shipments are subject to significant extra costs for onwards transportation to their final (contracted) destination.

More inflationary pressure(s).

#shipping
h/t FT

Is Iran waging war with mines in the Strait of Hormuz? | About That
Andrew Chang explains what we know about Iran's sea mine capabilities and why they can be such a destructive and difficult naval threat to remove — especially in a critical shipping route.

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