Why the Shipping Industry Isn’t Rushing Back to the Red Sea
The companies that operate large container ships say they plan to keep going around Africa as violence flares in the region.
When President Trump ordered military strikes last weekend against the Houthi militia in Yemen, he said the militia’s attacks on commercial shipping in the Red Sea had harmed global trade.
“These relentless assaults have cost the U.S. and World Economy many BILLIONS of Dollars while, at the same time, putting innocent lives at risk,” he said on Truth Social.
But getting shipping companies...
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