As the current conflict unfolds, our thoughts are first and foremost with all the people who have been directly affected. We do sincerely hope that you, your families and co-workers are safe and well protected.
We also observe with great concern that the escalating disruptions to key maritime routes are creating serious and immediate challenges for many of you. As your global association, BIR’s priority is to represent your interests and ensure that the realities you are facing in your day-to-day operations are clearly conveyed to relevant stakeholders and decision-makers.
The situation is already disrupting shipments, delaying contract fulfilment and creating uncertainty around delivery timelines. Some members are confronting non-shipment or non-delivery scenarios with contractual and financial consequences. At the same time, reports indicate that war risk insurance coverage has been withdrawn or restricted on certain routes, while shipping lines have introduced wartime surcharges, which might further increase. Pressure on container bookings and vessel schedules is adding to the strain on margins across the recycling value chain.
Given the global nature of our industry, these disruptions may slow the movement of recycled materials across continents, particularly from and through the affected region.
We at BIR keep monitoring developments closely and are keen to hear – and further convey – your updates on the situation. In the meantime, we will continue to advocate on your behalf while keeping you informed of any information that may be relevant in the current geopolitical scenario.
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