After coalition forces pounded Houthi targets questions are being asked as to whether this action itself constitutes an escalation of what started as a localised conflict in Gaza and Israel, into one with far wider implications for international...
Shipping companies have placed significant orders for containers in recent months as Red Sea attacks effectively soak up box capacity.
Spot container freight rates jumped another 15 – 16% over the last week as shippers continue to react to disruption caused to shipping by attacks in the Red Sea.
The US and UK have launched strikes against Houthi targets in Yemen to disrupt and degrade the capabilities of rebels to attack shipping in the Red Sea and protect global trade.