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Tag: Red Sea

Attacks on the Red Sea Disrupt Global Trade, Market Watchers Say

Red Sea supply chain disruptions

Israeli-owned ships are facing particularly high insurance rates due to being directly targeted as Red Sea shipping attacks continue, according to AM Best Senior Economist Graziano Brady. Some insurers are refusing to cover these ships altogether, he said.

Published June 21, 2024
Categorized as Show on Homepage Tagged freight rates, global trade, marine insurance, Red Sea, Suez Canal

Container Shipping Rates Spike as Red Sea Crisis Draws First Blood

Red Sea supply chain disruptions

For cargo importers, the outlook is now clear: higher freight costs and longer delays. For liner profits, sentiment is increasingly bullish — but there are uncertainties.  

Published January 3, 2024
Categorized as Show on Homepage Tagged cargo costs, cargo insurance, freight costs, Red Sea, shipping costs, shipping routes, supply chain
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