Due to the continuously worsening Russia-Ukraine war, the key infrastructure of the shipping industry, including shipping routes, ports, and container terminals, may become the target of the attack, which is likely to lead to a surge in container and bulk shipping rates, according to an analysis of shipping experts.

Market players believed that under the impact of the war, surging oil prices, and soaring transportation costs, shipping freight would rise significantly and the congestion period will be longer, which might exacerbate the pressure of operating costs of various export industries.