The CEO of the second-largest shipping company in the world has stated that higher transportation expenses resulting from the Iranian dispute will be passed on to customers.The CEO of the massive Danish shipping company Maersk, Vincent Clerc, told the BBC in an exclusive interview, We have traditional contracting mechanisms that pass on this fuel fluctuation, whether they go up or down, onto the customers.
Therefore, in this instance, these increases will eventually be passed on to our clients and consumers. He urged the United States, Israel, and Iran to reach “some kind of deal” in order to reopen international economic lines in the Middle East.
The conflict between Iran, Israel, and the United States has severely disrupted the world economy and virtually stopped two important shipping routes.
Because of the security risks, the largest maritime companies in the world are likewise avoiding passing via the Red Sea. Clerc added: “Ultimately we need to get back to something where freedom of navigation and peaceful navigation is restored.
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