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Moving parts
Hope for a resumption of Suez Canal transits by container lines were dented over the weekend, after the US and Yemen’s rebel Houthis group traded missile attacks.
Today, Houthis leaders said they had launched a wave of missile and drone attacks on US warships, following a series of American airstrikes on Yemen on Saturday, killing scores of people.
President Donald Trump said the strikes were launched to protect international shipping in the Red Sea, although intelligence experts have linked it to his ...
Comment on this article
Vincy Sebastian Kannath
March 18, 2025 at 4:05 pmThe Suez reopening is a favourable scenario for carriers and if it does, everybody knows who loses Millions of USD in the process. The overcapacity is absorbed today by the COGH routing but Suez route resumption would mean extremely excess supply of capacity v. demand. Shippers and Consignees are paying for the detour via COGH and there isn’t enough done to support the customer because at the end the average consumer pays for the high shipping cost.