Shipping Costs Surge as Insecurity in the Red Sea...
International News
January 5, 2024
Insecurity in the Red Sea has led to a notable inflation in shipping costs as maritime operations face disruptions. The heightened security risks in this critical waterway have prompted concerns among shipping companies, leading to increased expenses associated with rerouting vessels and implementing enhanced security measures. The ripple effect of these disruptions is felt throughout global supply chains, emphasizing the need for concerted efforts to address the security challenges.