🚨Shipping firms scramble for emergency truck routes amid Hormuz crisis
The US-Israeli war on Iran has triggered a logistics shockwave
The Strait of Hormuz squeeze has forced shippers to move cargo by land, FT reports
*Shanghai–Gulf freight rates surpass COVID peaks (980→4,100+)
*Maersk, MSC, CMA CGM & Hapag-Lloyd launch Saudi, Iraq, Jordan & UAE trucking corridors
But trucks can't replace ships
Fallout: 60-day tea/salt delays, grain rerouted, fertilizer shipments fractured, Saudi transport costs +$80–90/ton