, Columnist
Iran-Israel Strife Throws Out a Lifeline to Shippers
War-risk premiums are putting a floor under global shipping rates as the world awaits good news on trade.
A helicopter hovers over the MSC Aries on April 13.
Source: Mideast Defense Official/AP PhotoThis article is for subscribers only.
Escalating aggression in the Middle East, most recently with the renewed Israel-Iran conflict, is causing more headaches for global supply chains and logistics operators. Perversely, that’s being turned into good news for shippers already accustomed to bottlenecks and delays.
This month’s seizure of container carrier MSC Aries in the Strait of Hormuz would have been enough to put the shipping industry on edge. Yet it’s merely the latest drama to afflict international transport in the past year, and the reaction shows how pragmatic the sector is among all the turmoil.