Greg Miller on LinkedIn: Red Sea conflict worsens, forcing more ship detours around Africa
As ongoing coalition airstrikes in Yemen are met with ongoing Houthi attacks on commercial ships in the Red Sea, it’s becoming clear that fallout for container…
LinkedInGreg Miller

"As ongoing coalition airstrikes in Yemen are met with ongoing Houthi attacks on commercial ships in the Red Sea, it’s becoming clear that fallout for container shipping will be more significant (as spot rate gains extend into trans-Pacific annual contract negotiating season) and increasingly likely that effects on tanker shipping will be more significant (if tankers follow container shipping’s lead and switch to the Cape of Good Hope route en masse due to rising Red Sea insurance premiums). See story for latest info on Red Sea crisis: https://www.freightwaves.com/news/red-sea-conflict-worsens-forcing-more-ship-detours-around-africa "