Freight Rates Adjust to Red Sea Detours

Freight Rates Adjust to Red Sea Detours

Overall, the ocean container market has settled into a new routine that avoids the Red Sea due to Houthi attacks which continued this week, according to cargo marketplace Freightos.  Though significant backlogs, congestion and equipment shortages seen during the first few weeks of the crisis have dissipated, adjustments have resulted in some moderate but ongoing…

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