The upward race of sea freight rates between Asia and Europe, as a consequence of tensions on the Red Sea, where Houthi rebels continue to attack with rockets and drones merchant ships heading to the Suez Canal, now selectively letting Russian and Chinese merchant ships through.
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29.01202420 February 2024
Red Sea tensions impact freight rates
The impact of crisis in the Middle East on world logistics shows no sign of fading, despite the military intervention in Yemen by Britain and the United States against the Houthi rebels, aimed at blocking attacks brought on container ships bound for the Suez Canal.
26.01202314 February 2023
Lower container freight rates across the Atlantic
As reported by the online magazine Transport Europe, container freight rates between Northern Europe and the east coast of the United States showed substantial resilience and even increased in some cases during 2022, while those between Asia and Europe steadily declined.