Published: Dec 24, 2023, 06:30 IST | Updated: Dec 24, 2023, 06:30 IST
Shipping costs soar as war and climate risks upend global trade. The world's second-largest container line - AP Moller-Maersk - now sees red sea shipping chaos lasting for months. The suez canal crisis and the panama canal limitations are now sending cargo ships back to the 18th-century trade routes.