Loading…
DP World's deputy CEO said sea freight prices could fall 20-25% within two to three months if Houthi attacks on Red Sea shipping stop. Houthis said they would limit attacks to Israel-linked ships.
Many major carriers continue to route around Africa, tying up at least 30% more capacity.
A Red Sea reopening would release idle capacity and sharply lower ocean freight costs for grain and meal imports. The possibility of a Houthi pullback is a bearish freight signal, though timing is uncertain.
bairdmaritime.comReutersJan 23, 2025Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
