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Freight forwarders in Singapore see profits fall 20% as Middle East conflict drives up costs

 01/05/2026 2 Views
Freight forwarders in Singapore see profits fall 20% as Middle East conflict drives up costs


SINGAPORE: Freight forwarders in Singapore say their profits have fallen by about 20 per cent as the ongoing conflict in the Middle East pushes up fuel and freight costs.

In some cases, costs have doubled, while shipments are taking longer to reach their destinations as companies reroute cargo to avoid high-risk areas in the region.

Some industry players are also adjusting their operations, saying disruptions could continue.

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