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About Commodity Insights
26 Jan 2024 | 17:00 UTC
By Robert Perkins and Max Lin
Latest update: Jan. 26, 2024
Ongoing attacks on shipping by Houthi militants in the Red Sea have upended seaborne trade through the strategic waterway. Container shipping is taking the biggest hit, with many rerouting via the Cape of Good Hope significantly boosting voyage times and freight cost, while displacing regional marine fuel demand.
Read more: Houthis launch biggest ever attack on commercial shipping in Red Sea (subscriber content)