International maritime trade has hit stormy waters as attacks by Yemen's Huthi rebels on ships in the Red Sea has reduced the availability of ships, causing freight rates to surge.- Taiwan elections -
Attacks in the Red Sea are not the only ones disrupting international trade.
(Bloomberg) The vestiges of an ancient forest tell the story of just how bad things are at the drought-stricken Panama Canal.Most Read from BloombergIran Sends Warship to Red Sea After US Sinks Houthi BoatsTokyo Runway Collision Leaves 5 Dead, Aircraft AblazeHarvard’s President Claudine Gay to Resign After ControversyUS Pressured Netherlands to Block China-Bound Chip MachineryElectric Car Models Eligible for $7,500 Tax Credit Cut to 13A few hundred feet from the massive tankers hauling goods
Ocean shipping kept the world’s cargo flowing amid two wars and disruptions at both the Panama and Suez canals. The post Top ocean shipping stories of 2023: War, drought and detours appeared first on FreightWaves.