Red Sea Crisis: Shipping & Supply Chain Market Impact

Houthi missile and drone attacks on commercial vessels in the Red Sea have forced major shipping lines to reroute around the Cape of Good Hope, adding 10–14 days and significant fuel costs to Asia-Europe trade lanes. Container freight rates have surged, while oil tanker day-rates benefit from longer voyage distances. Suez Canal traffic has dropped sharply, impacting Egyptian transit revenues and global just-in-time supply chains.