Recent terrorist attacks are causing turmoil in the global supply chain, affecting international shipping, causing delays and increasing costs.
The Houthi militia's increased assaults on trade vessels have compelled major container shipping companies to avoid the Suez Canal.
Controlling over half of the global container fleet, the shipping companies have stopped traffic through the Bab el Mandeb strait, increasing the route length. The new route leads the ships around the southern tip of Africa.
Sea freight rates will be affected, and surcharges may be implemented.
We are in close contact with the shipping lines and will continue to monitor the situation. More changes might be made to ensure the safety of the vessels.
This news article will be updated when we get information.
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