International freight exporters and exporters may have to take caution soon with the Israel conflict affecting shipping in various ways.
Shipping Fuel Prices Stabilizing from Ukraine War Peak
Prices for several different fuels are close to half last year’s peak and may decrease further in the second quarter. This means that shippers can benefit from saving if they decide on shipping now or in the near future.
The Ukraine Crisis’ Effects on LNG Exports
Due to the current conflict in Ukraine, there has been a recent global shift in the LNG exported from Russia, which is one of the largest natural gas producers and LGN shippers globally.