Yonhap Infomax NewsMar 11
HMM suspends new bookings on Middle East routes amid war and Strait of Hormuz blockade, implementing cargo rerouting to alternative ports with $1,000 per container surcharge while global carriers charge up to $3,000 in additional fees
#YonhapInfomax #HMM #MiddleEastRoutes #StraitOfHormuz #ShippingDisruptions #ContainerSurcharge #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=109442
Middle East Logistics Disruptions Materialize - HMM Suspends Bookings on Middle East Routes

HMM suspends new bookings on Middle East routes amid war and Strait of Hormuz blockade, implementing cargo rerouting to alternative ports with $1,000 per container surcharge while global carriers charge up to $3,000 in additional fees

Yonhap Infomax
Ramesh #NotGoingBackJan 21, 2024

So many coincidental #shippingDisruptions since 2021 have exacerbated inflationary pressures worldwide.

First, #EverGiven put all #EyesOnSuez just as #Biden took office, and he got blamed for worldwide #inflation ➡️ https://en.wikipedia.org/wiki/2021_Suez_Canal_obstruction

Then #Iran-backed #Houthi militia disrupted #RedSea shipping, and Biden again got blamed for inflation.

Then, #climateChange conspired, to bring drought & disrupt #globalTrade #PanamaCanal, and Biden still got blamed for inflation ➡️ https://mastodon.social/@rameshgupta/111776393285329419
⬇️

2021 Suez Canal obstruction - Wikipedia