Consumers around the world will pay the price for the unfolding crisis in the Red Sea after missile attacks on merchant ships plunged supply chains into chaos, reports Xeneta.
Markets spikeLatest data from leading industry analysts Xeneta shows spot rates in the ocean freight shipping market spiked by 20% since Friday after major shipping liner companies announced they are avoiding the Red Sea amid the attacks by Houthi militia.
Peter Sand, Xeneta Chief Analyst, said: “The region is essentially...
https://mfame.guru/red-sea-crisis-sparks-20-surge-in-ocean-freight-rates-threatens-supply-chain/