Asia-US Shippers Could See Lower Rates From Red Sea Return
Major ocean carriers, after two years of sectarian violence that reconfigured regional shipping and the broader global supply chain, reopened services on a key Mideast route that could mean lower rates for shippers from Asia to the United States.
The announcement Thursday by Maersk (MAERSK–B.CO) that it is restarting scheduled services via the Red Sea and Suez Canal was a welcome sign of normalization amid years of violence and political turmoil across the region.
Maersk’s reconfiguring of its MECL service connecting Asia and the U.S. was by all...
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