Shipping industry cites mounting cost, capacity pressures amid global trade disruptions

Senior executives from leading global shipping companies and industry groups underlined growing operational and economic challenges to goods trade during a 28 May meeting with WTO Director-General Ngozi Okonjo-Iweala. They noted that, while global supply chains have demonstrated resilience, efforts to identify and rely on alternative maritime routes amid disruptions – particularly in the Gulf region and other chokepoints – are driving up costs for shippers and ultimately consumers.

Read full article at WTO news