Resumption of Suez transits in doubt after return of Red Sea hostilities
Hope for a resumption of Suez Canal transits by container lines were dented over the ...
Photo: © Yali Shi | Dreamstime.com
The Red Sea crisis could last until Q3 24 at most, according to Evergreen chairman Chang Yen-yi today.
At a lunar new year event organised by the National Association of Chinese Shipowners, Mr Chang acknowledged it had injected a much-needed boost for container freight earnings, but added: “The Red Sea crisis is only a short-term phenomenon and cannot be compared with the increase in freight rates during the pandemic.
And he warned: “The main challenge for ...
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