Will Sea Freight Go Up?

Since the escalation of tensions in Russia and Ukraine, the passage of merchant ships in many waters near the two countries has been affected, and the aviation industry has also been hit hard. Since Russia and Uzbekistan mainly export commodities such as energy and grain, the related international oil prices have also soared.

Soaring oil prices hit airlines. The international crude oil price once exceeded US$100 per barrel, which will further increase the operating costs of airlines.