The recent escalation of tension in the Red Sea has sent shockwaves through the global shipping industry, compelling major players to reassess their routes and operations. The crisis, primarily fueled by Houthi rebel attacks in Yemen’s lower Red Sea, has led to a significant impact on shipping lines to both the East and West Coasts.... Read more »
In a recent development, major shipping companies like Denmark’s Maersk and Germany’s Hapag-Lloyd have announced the continued avoidance of the Red Sea route, a crucial passage for accessing the Suez Canal. The decision follows a weekend attack on one of Maersk’s vessels by Yemen-based Houthi militants. The ripple effects of these disruptions pose significant challenges... Read more »
