The Guardian Australia – Business
·business
·1 hour ago
Maersk CEO says Hormuz reopening offers limited relief from shipping crisis
Maersk CEO Vincent Clerc said reopening the Strait of Hormuz would have limited impact on cargo flows, despite the waterway's closure since late February. The Danish shipping group's fuel bill nearly doubled, adding $500 million monthly in costs passed to customers through higher freight rates.
Summary by Glance · The Guardian Australia – Business
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