Ongoing attacks on vessels in the Red Sea by Yemen’s Houthis continue to disrupt shipping lanes in the chemical industry’s supply chain, according to Al Greenwood, chemicals expert and deputy editor at ICIS.
“It’s having an impact mainly in Europe and Asia. It’s rearranging routes because the rates for containers have really gone through the roof,” Greenwood told FreightWaves in an interview.
ICIS is a London-based provider of chemical and energy intelligence with 15 offices worldwide.
Greenwood...