Freight Forwarding Prices Rise in The Middle East Following Hezbollah Attacks

The fighting in Lebanon which started after HezbollahAmongst these are the difficulties that have been
militants kidnapped two Israeli soldiers and begancreated for the freight forwarding industry.
firing rockets into Northern Israel, is producing seriousThe British Chamber of Shipping recently declared the
consequences for the freight forwarding industry incoast of Lebanon and Israel a war zone which has
the Middle East.affected the cost and passage of freight in the
This article discusses what has caused the violenceregion. The declaration means that UK freight shipping
and the impact that it is having on the region's freightcompanies delivering cargo to the area will receive
industry.some kind of war bonus. The size of this bonus will
Hezbollah first emerged in Lebanon in the 1980s. It isdepend on the contracts involved.
a terrorist organisation committed to the destructionAccording to recent reports by Arab News, Middle
and annihilation of the State of Israel. Funded by IranEast freight forwarding companies have increased
which has also expressed the desire to "wipe Israeltheir shipping rates to Lebanon by as much as
off the face of the earth", Hezbollah actions havebetween 33% and 63%. The price of forwarding a
recently provoked bitter fighting in Lebanon.twenty foot container is now between $550 and
On July 12th this year, Hezbollah militants kidnapped$900 whilst a forty foot container will cost around
two Israeli soldiers and started firing rockets at$1000 to transport.
towns in Northern Israel. This prompted Israel toIt is hoped that a ceasefire agreement will come into
target Hezbollah positions in Lebanon to try andeffect shortly. If this happens and if Hezbollah
rescue its soldiers and prevent further attacks on itsmilitants are kept in line by the Lebanese army, the
civilians.freight forwarding industry in the Middle East may
Fighting has gradually escalated on both sides causinggradually return to normal.
significant civilian and economic problems in the region.