How Could The Challenges In The Red Sea Bring An End To The Shipping Recession As Freight Rates Spike?
Amidst a shipping recession, the Red Sea, a vital maritime corridor, is currently at the center of attention due to a surge in challenges faced by vessels transiting the region. Over the past weeks, Yemen-based Houthi militants have targeted commercial vessels, forcing shipping companies to alter routes and triggering a significant spike in freight rates. […]