Container shipping rates rise on the back of Houthi crisis
The SCFI was up by another 8% this week, at 1896.65 points, a high not experienced since 2022. According to major forwarder Kuehne+Nagel’s overview 405
The SCFI was up by another 8% this week, at 1896.65 points, a high not experienced since 2022. According to major forwarder Kuehne+Nagel’s overview 405
The costly detour for shipping lines away from Red Sea has set the freight rates soaring. India is mulling a variety of measures, including subsidisations
The US has invited India to join the multi-national naval coalition, Operation Prosperity Guardian, to counter threats posed by Yemen’s Houthi militants in the Red
The situation around the Bab-el-Mandeb Strait, a crucial shipping route connecting the Red Sea and the Mediterranean Sea to the Indian Ocean, has escalated due
The move comes as the industry remains divided on the safety of vessels and the best actions, but most of the largest container carriers are
As the fight between Israel and Hamas prolongs, the possibility of it expanding into a broader regional conflict involving several West Asian countries increases, which
In the aftermath of attacks by Houthi rebels in the Red Sea, global trade is grappling with heightened freight costs. The situation escalated when Houthi
The cost of shipping goods has again grown significantly as freight giants continue to avoid the key Red Sea route and unions expand protections for
The statement reiterated that the attack is part of the strategy of targeting ‘all Israeli ships or those heading to the ports of occupied Palestine,
The SCFI was up by another 8% this week, at
The costly detour for shipping lines away from Red Sea
The US has invited India to join the multi-national naval
The situation around the Bab-el-Mandeb Strait, a crucial shipping route
The move comes as the industry remains divided on the
As the fight between Israel and Hamas prolongs, the possibility
In the aftermath of attacks by Houthi rebels in the
The cost of shipping goods has again grown significantly as
The statement reiterated that the attack is part of the
