The worsening of the Middle East crisis is endangering the traditional maritime route represented by the Bab-al-Mandeb Strait in trade flows between Asia and the Mediterranean countries.
The decision of the international logistics groups to opt for circumnavigating the African continent, diverting maritime routes via the Cape of Good Hope due to the lack of security in the Red Sea, is fuelling a significant increase in international shipping costs.
Cogne Acciai Speciali is carefully monitoring the evolution of this scenario and reserves the right to adopt the appropriate adjustments in its sales conditions reflecting the new market situation.
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