When BP announced a shutdown of production at Prudhoe Bay oilfield in Alaska, the impact was not just felt in the oil market.
Shipping freight costs have since spiked higher, extending a dramatic surge from lows touched this year.
By Chris Flood
Published: August 14 2006 19:33 | Last updated: August 14 2006 19:33
When BP announced a shutdown of production at Prudhoe Bay oilfield in Alaska, the impact was not just felt in the oil market.
Shipping freight costs have since spiked higher, extending a dramatic surge from lows touched this year.