FacebookTwitterEmailLinkedin The Piraeus Chamber of Commerce and Industry (PCCI) has expressed strong concern over the latest developments in geopolitical and geo-economic balances, which are increasing costs for shipping, trade and businesses. According to the PCCI, any blockade or disruption to the operation of the Strait of Hormuz has a direct impact on the global economy. The maritime passage handles approximately 20% of global oil trade, a significant share of liquefied natural gas (LNG) exports, as well as thousands of commercial vessels connecting Asia with Europe and international markets. RelatedNews Missing seafarer found dead following containership attack off Oman U.S. reimposes sanctions pressure on Iran following Hormuz escalation var jnews_module_21378296_0_6a58d19f1dcb3 = {"header_icon":"","first_title":"Related","second_title":"News","url":"","header_type":"heading_8","header_background":"","header_secondary_background":"","header_text_color":"","header_line_color":"","header_accent_color":"","header_filter_category":"","header_filter_author":"","header_filter_tag":"","header_filter_cpt_post_tag":"","header_filter_cpt_tribe_events_cat":"","header_filter_cpt_web_story_category":"","header_filter_cpt_web_story_tag":"","header_filter_text":"All","sticky_post":false,"sticky_post_filter":false,"post_type":"post","content_type":"all","sponsor":false,"number_post":"2","post_offset":0,"unique_content":"unique1","include_post":"","included_only":false,"exclude_post":"21378296","include_category":"","exclude_category":"","include_author":"","include_tag":"33,4346,2929,2161,2647,3300,1582","exclude_tag":"","exclude_visited_post":false,"post_tag":"","tribe_events_cat":"","web_story_category":"","web_story_tag":"","sort_by":"latest","show_date":"","date_format":"default","date_format_custom":"Y\/m\/d","pagination_mode":"disable","pagination_nextprev_showtext":"","pagination_number_post":"2","pagination_scroll_limit":0,"ads_type":"disable","ads_position":1,"ads_r