# Red Sea attacks disrupt world trade, more ships vow to avoid waters

> Shipping a container from China to the Mediterranean rose 44% in December to $2,413 due to Red Sea disruptions. More ships are vowing to avoid the Red Sea waters. Spot container rates are rising as carriers reroute around Africa.

- Date: 2023-12-21 · published 2023-12-21T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/32467-red-sea-attacks-disrupt-world-trade-more-ships-vow-to-avoid-waters
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Red Sea rerouting lengthens transit times and raises freight costs for global trade, which can increase costs for imported feed ingredients moving on containers and bulk vessels.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/world/middle-east/more-ships-avoid-red-sea-attacks-disrupt-world-trade-2023-12-21/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.