Danish container-shipping giant Maersk said Tuesday it would re-route all Red Sea-bound vessels around South Africa’s Cape of Good Hope —— a 3,500-mile diversion —— to avoid attacks by Houthi rebels in Yemen. The other four global container shipping giants —— MSC, Evergreen, Hapag-Lloyd and CMA CGM —— are all already doing the same, or have paused sailing via the Red Sea, with analysts warning of higher freight rates from extra fuel costs and reduced supply as the extra time at sea strips capacity from the market.
And not one word about WHY Yemen is attacking these ships. LINK  |
