The Impact of the Red Sea Crisis on Shipping Costs and Supply Chains

The attacks on cargo vessels plying the Red Sea have delivered the biggest blow to global trade since the Covid-19 pandemic. Drones, missiles, and gunfire from Houthi rebels are sending ships on costly and time consuming detours around Africa.

Container ships are bearing the brunt of the impact, and the ensuing delays and soaring costs threaten to upend supply chains and rekindle the fires of inflation. China might also have the most at stake. 

How bad could the crisis get? How are global shipping companies benefiting? Bloomberg Intelligence’s transportation & logistics analysts Lee Klaskow and Kenneth Loh join co-hosts John Lee and Tom Corbett to reveal how they see the shipping industry.

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