DP World Predicts 20% Drop in Sea Freight Prices if Red Sea Attacks Decrease

Reported about 11 hours ago

DP World's deputy CEO indicated that if attacks on commercial vessels in the Red Sea are reduced, freight prices could plummet by at least 20-25% within two to three months. This comes after Yemen's Houthis pledged to limit their strikes to Israel-linked ships, potentially allowing non-Israeli vessels to return to the region soon. The ongoing attacks have significantly diverted shipping routes, impacting capacity and costs.

Source: YAHOO

View details

You may also interested in these wikis

Back to all Wikis