News / Ukraine crisis: Fears of rising fuel price, rate hikes and cyber-attacks on supply chains

© Kirill Makarov

Shippers can expect yet another hike in freight rates, along with fuel costs, surcharges and supply chain disruption, following Russia’s decision to invade Ukraine.

Forwarders said this morning they expect further disruption, both in the war-affected areas and more widely.

“The Russian invasion of Ukraine is likely to exacerbate global supply chain issues and is already leading to price hikes in commodities, including fuel, which is spiking,” said Metro Shipping.

Chris Rogers, supply chain economist for Flexport, said: “The [conflict] could cause both ...