Container Ships In Red Sea All But Disappear As Key Trade Route Freezes

Container Ships In Red Sea All But Disappear As Key Trade Route Freezes:

Major shipping companies are rerouting vessels from the Red Sea to the Cape of Good Hope to avoid Houthi drone and missile attacks. New shipping data indicates a significant decrease in commercial vessel activity on the critical global trade corridor connecting to the Suez Canal, responsible for 12% of international trade and almost one-third of global container traffic.

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