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 13:58:48

Golden Finance News reported that on April 3, the Middle East conflict disrupted navigation through the Strait of Hormuz, causing global shipping costs to surge sharply. In addition, the war-risk insurance premiums for vessels have risen rapidly. Moreover, shipping companies also need to factor in freight rates; industry insiders say that freight rates have already increased by 11 to 12 times. Insurance and rerouting costs are being passed down layer by layer, and they are continuing to hit 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.