Red Sea attacks good for Mainfreight business - Forbarr

Air and ocean expected to reap the benefits of shipping disruption. (Image: Mainfreight)

Tue, 23 Jan 2024

Transport and logistics heavyweight Mainfreight stands to benefit from Red Sea shipping route disruption that has forced major lines to divert container traffic away from the Suez Canal.Spot and contract rates for containers have more than doubled in some instances since the attacks – there have now been 25 – by Houthi rebels on vessels began. That’s resulted in ships diverting from the Suez Canal – which accounts for as much as a third of all global traffic – and adding as much as two weeks to the Asia...

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