Potential return of container ships to Red Sea following US-Houthi ceasefire announcement could cause global collapse in freight rates, according to Xeneta data

The prospect of a largescale return of container ships to the Red Sea following the announcement of a ceasefire between the US and Houthi militia in Yemen would flood the market with shipping capacity and cause a global collapse in freight rates – but the situation remains far from certain. Data released by Xeneta – …