Global shipping rates set to jump as carriers avoid the Red Sea amid Houthi attacks

Global shipping rates set to jump as carriers avoid the Red Sea amid Houthi attacks

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A ship transits the Suez Canal towards the Red Sea on January 10, 2024 in Ismailia, Egypt. The global supply chain is feeling the fallout from Iran-backed Houthi rebels attacking vessels in the Red Sea. Freight prices are set to jump Monday, while longer transit times around Africa are disrupting…

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