Iona Craig (@[email protected])

“Container ship traffic through the Suez Canal has decreased by 90% year-on-year in the first week of January. Costs on the SCFI Shanghai to Northern Europe route stood at $2,871 on 5 Jan, more than treble the early December level.” https://oilprice.com/Energy/Energy-General/Suez-Canal-Crisis-A-New-Catalyst-for-Global-Inflation.html