A recent article in the Financial Times (FT) claims that “War and climate change drive surge in global shipping costs.” The part about climate change is unsubstantiated because no long-term data support it. While it is undeniably true that war shutting down the Strait of Hormuz has had an impact on shipping, and other bottlenecks … Continue reading The Financial Times Says War and Climate Change Spiked Shipping Costs: War, Yes; Weather, Yes; Climate Change, NO!