Shipping companies reroute, add fees amid Middle East conflict
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Shipping companies are rerouting vessels and adding fees due to the conflict in the Middle East, with some diverting around the Cape of Good Hope. The disruptions are causing goods to be stuck in the region and driving up costs for exporters, potentially leading to higher prices for goods and air travel. The conflict is also affecting global shipping and logistics, with some ports and companies seeking to benefit from the situation.
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