Echoing the concerns raised by Maersk and Hapag-Lloyd on Friday, two additional shipping behemoths, Mediterranean Shipping Company (MSC) and CMA CGM, announced on Saturday their decision to suspend passage through the Red Sea strait, a crucial route for global trade. This development follows recent attacks by Yemeni rebels, known as Houthi rebels, in the region. … Continue reading Two More Shipping Giants Suspend Red Sea Passage Amid Escalating Houthi Attacks