Freight Market Snapshot: Houthi Attacks in Red Sea and Suez Canal News Updates
Freightos
DECEMBER 19, 2023
But with alternative routes and plenty of excess capacity available, operations should continue reasonably well, and freight rates are unlikely to spike to extreme highs. Together with ZIM, these carriers represent five of the top ten largest carriers and 56% of global capacity. Oil tankers have also begun avoiding the Red Sea.
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