Recent attacks by Iran-backed Houthi militants on ships passing through the Red Sea are impacting global trade with immediate implications. Nearly ten shipping companies have announced changes to global shipping lanes to avoid the region, causing some lanes to take 40% longer and multiple times more expensive to handle. Countries are vowing to provide increased security in the region to minimize the attacks. In the short term, ocean freight rates out of Asia and Europe have been seen to increase significantly on new quotes over the recent days.
May 2024 & American Coatings Show Live Recordings | Episode 108
TheChemCo · Episode 108: May 2024 & American Coatings Show Live Recordings – May 2024 “The View from Jamestown” Chemical Podcast Hosted by The Chemical