Thailand’s shipping industry is grappling with significant challenges due to the ongoing crisis in the Hormuz Strait. According to Jin10, the cost of transporting a 40-foot container is expected to rise sharply from $3,500 to $7,000. This situation is causing Thailand’s exports to the Middle East to face monthly losses of approximately 33.3 billion baht, with an additional 32 billion baht worth of goods stranded in transit. The crisis underscores the vulnerability of global trade routes and the potential economic impact on Thailand’s export sector.
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