Shipping choke points drive up costs for Sweden
Disruption across the world’s busiest sea routes is raising costs and delaying goods moving to and from Sweden.
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Fresh figures cited by SVT show 90 per cent fewer ships passing through the Strait of Hormuz than before the war. Attacks and unrest around the Red Sea and the Suez Canal are also forcing longer routes.
Johan Woxenius, a professor of shipping transport economics and logistics at the University of Gothenburg, told SVT that the Red Sea disruption directly affects Swedish imports and exports. Longer journeys mean more fuel, later deliveries and higher costs for goods sold here.
Sweden can absorb the shock better than many countries, he said, but businesses may need larger buffer stocks and less tightly timed logistics while several trade choke points remain under pressure.
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