The global supply chain has just recovered from three years of chaos. However, the Red Sea issue may cause chaos again. According to foreign media reports, the longer the current tension in the Red Sea lasts, the greater the impact on global shipping and the higher the shipping cost. It is reported that container prices on some Asian-European routes have soared by nearly 600% recently due to the situation in the Red Sea.
Many shipping companies choose to suspend their Red Sea routes. According to Reuters, after the U.S.-British air strikes on Yemeni armed targets in Houthi, four large oil tankers changed their course and chose to avoid the original Red Sea route. Market analysts pointed out that the U.S.-British attack on Houthi’s armed targets will not only cool down the current situation in the Red Sea, but will greatly aggravate the local tension, causing shipping companies to avoid the Red Sea route for a longer period of time.
Post time: Jan-17-2024