Companies have warned of severe backlogs and extra charges, as shipping lines use alternative land routes to try to ease congestion caused by the near closure of the Strait of Hormuz.
Shipments bound for the Middle East at the start of the Iran war remain stranded in ports as far away as India and Mozambique, with businesses facing thousands of dollars in extra costs despite efforts by major shipping lines to find alternative routes.
Freight rates on the Shanghai to Gulf and Red Sea route hit record highs this week, surpassing even the peaks reached during the Covid-19 pandemic.
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