The latest escalation fuelled worries that oil tankers and bulk carriers that ferry vital commodities like grain could also avoid the shortcut, risking a new round of global inflation
LONDON/LOS ANGELES -Container shipping rates for key global routes have soared this week, with U.S. and UK air strikes on Yemen stirring concerns of a prolonged disruption to global trade in Red Sea,.
Container Rates Soar on Concerns of Prolonged Red Sea Disruption gcaptain.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gcaptain.com Daily Mail and Mail on Sunday newspapers.
The Korean shipping industry and several government organizations are increasing their efforts to minimize the impact of tensions in the Red Sea. The situation escalated as Iran-backed Houthis from Yemen attacked civilian vessels, purportedly to support Hamas conflict with Israel.