Shipping companies are transforming rust buckets into gold mines in a modern-day alchemy that could fuel already rampant inflation for years to come. The disruption to world trade caused by pandemic lockdowns and a shortage of new cargo vessels has pushed freight rates for ageing container ships to record highs. Cashing in on the boom, …
The post Old is gold: sky-high cost of ageing ships sounds inflation SOS first appeared on Hellenic Shipping News Worldwide.