Maersk warns economic impact of Iran conflict will ripple for months
World’s second-largest container shipping line says costs have increased by $500mn per month
World’s second-largest container shipping line says costs have increased by $500mn per month

Fuel costs for global shipping industry are up nearly $5bn since conflict began

Containers are being dropped off at far-flung ports while freight rates have soared

Some of the world’s biggest fuel importers rush to secure oil and gas supplies as Middle East conflict chokes flow

Disruption to tanker traffic at the Strait of Hormuz would pose a much bigger risk to oil supply

Higher fuel costs will make it more expensive to transport goods and plant crops

Transport ministry summons executives to express concerns about supply chain disruptions