TechFlow News, April 3: According to CCTV News, the Middle East conflict has disrupted shipping through the Strait of Hormuz, causing global shipping costs to surge sharply. War-risk insurance premiums for vessels have risen rapidly. In addition, shipping companies must also account for freight rates; industry insiders report that current freight rates have increased 11- to 12-fold. The combined impact of higher insurance and rerouting costs is continuously affecting global trade and supply chain security. (Jinshi Data)
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