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World Insurance warns that ongoing conflict in Sudan has led insurers to list the country as high-risk and carriers to stop taking bookings. Maersk and Hapag-Lloyd have ceased calls at Sudan.
The article warns that escalation could affect East and Central African routes and Red Sea shipping lanes.
Shipping disruption in the Red Sea and East Africa could raise freight costs and delay feed and grain deliveries to the region, though the direct effect on commodity prices is currently limited.
wisinsure.comLauraMay 3, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
