Disruption in the Red Sea Shipping Routes

Ongoing Houthi attacks in the Red Sea have severely impacted shipping operations, causing significant disruptions in global trade. The violent actions of the Houthi rebels, which include targeting over 50 vessels, have forced ships to seek alternative routes, primarily affecting container traffic. Though these issues have so far resulted in delays for about 50% of global container shipments, the overall impact on consumer prices remains limited, at least for now. The industry's adaptation to these threats signifies a shift towards a 'new normal,' with costs and routes recalibrating in response to persistent safety concerns.