# Boston Herald - Boston news, sports, politics, opinion, entertainment, weather and obituaries - Red Sea attacks impacting global trade as more shippers ban the area due to Houthi militants

> More shipping companies are banning Red Sea routes because of Houthi attacks. A Container xChange advisory warns that costs will rise for palm oil, grains and European energy supplies.

- Date: 2019-03-06 · published 2019-03-06T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/60003-boston-herald-boston-news-sports-politics-opinion-entertainment-weather-and
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Higher operating costs are expected to be passed on to buyers, raising landed prices for palm oil and grain imports and supporting freight rates.

## Read by commodity

- PALMOIL: bullish ▲
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2024-09-30 | [Palm Oil News - The Decreasing Water Debit in Parana River, Argentina Made Soyoil and Biodiesel in Brazil More Expensive](https://feedsoft.ai/events/28406-palm-oil-news-the-decreasing-water-debit-in-parana-river-argentina-made-soyoil.md) | +9.1% | +9.7% |
| PALMOIL | 2023-03-30 | [Sunflower prices in Ukraine are recovering after falling to the lowest level of the season](https://feedsoft.ai/events/36978-sunflower-prices-in-ukraine-are-recovering-after-falling-to-the-lowest-level-of.md) | -1.1% | -4.0% |
| PALMOIL | 2024-09-30 | [Palm Oil News - The Lack of Soyoil in Brazil Made Supply Crisis to Biodiesel Production](https://feedsoft.ai/events/28408-palm-oil-news-the-lack-of-soyoil-in-brazil-made-supply-crisis-to-biodiesel.md) | +9.1% | +9.7% |
| PALMOIL | 2021-09-30 | [Palm oil futures hit all-time high as China rushes to fill soy oil shortage \| S&P Global](https://feedsoft.ai/events/45163-palm-oil-futures-hit-all-time-high-as-china-rushes-to-fill-soy-oil-shortage-s.md) | +9.8% | +12.8% |
| PALMOIL | 2024-01-04 | [Logistics and global dynamics in focus for EU vegetable oil market](https://feedsoft.ai/events/32194-logistics-and-global-dynamics-in-focus-for-eu-vegetable-oil-market.md) | +2.6% | +2.2% |

## Sources

- markets.bostonherald.com: http://markets.bostonherald.com/bostonherald/news/read/43813784/red_sea_attacks_impacting_global_trade_as_more_shippers_ban_the_area_due_to_houthi_militants

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