OCEAN carriers’ short-term profitability will benefit from Houthis strikes on increased freight rates, which exceed the costs of re-routing to the Cape route, according to Fitch Rating service, reports Hellenic Shipping News Worldwide. Nearly half of all cargo ships and tankers have been diverted away from the Suez Canal to alternative routes around the Cape of Good Hope following attacks on commercial ships in the Bab-el-Mandeb Strait, says the Fitch report. Container freight rates have surged...
https://www.seanews.com.tr/red-sea-crisis-benefits-carriers-short-term-profitability/199855/