{"id":4922,"date":"2024-01-13T11:46:42","date_gmt":"2024-01-13T09:46:42","guid":{"rendered":"https:\/\/www.dhcab.com\/?p=4922"},"modified":"2024-01-13T11:46:42","modified_gmt":"2024-01-13T09:46:42","slug":"container-rates-surge-on-concerns-over-prolonged-red-sea-disruption-2","status":"publish","type":"post","link":"https:\/\/www.dhcab.com\/?p=4922","title":{"rendered":"Container rates surge on concerns over prolonged Red Sea disruption"},"content":{"rendered":"<div class=\"postie-post\">\n<div>\n<div dir=\"auto\">Container shipping rates on major global trade routes surged this week as US and British airstrikes on Yemen heightened fears of a prolonged disruption of global trade on the Red Sea, one of the world&#8217;s busiest shipping lanes, industry officials said Friday.<\/p>\n<p>Many container ships were already avoiding the nearby Suez Canal, which is the shortest route between Asia and Europe and through which 12% of world trade passes.<\/p>\n<p>Now, the US and UK militaries have advised all ships to stay away from the conflict zone.<\/p>\n<p>That has raised fears that rates for oil tankers and bulk carriers transporting vital commodities could rise sharply, raising the risk of a new round of global inflation.<\/p>\n<p>Transit rates for the shortest route from China to Europe have soared to about $3,100 per container.<\/p>\n<p>The Shanghai Containerized Freight Index (SCFI), a trade index that reflects transportation costs, has already risen by 310% since November 2023.<\/p><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Container shipping rates on major global trade routes surged this week as US and British airstrikes on Yemen heightened fears of a prolonged disruption of global trade on the Red Sea, one of the world&#8217;s busiest shipping lanes, industry officials said Friday. Many container ships were already avoiding the nearby Suez Canal, which is the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4923,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":["post-4922","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-issues"],"_links":{"self":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts\/4922","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4922"}],"version-history":[{"count":0,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts\/4922\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/media\/4923"}],"wp:attachment":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4922"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4922"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4922"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}