Irina Slav on energy β’ 982 implied HN points β’ 15 Jan 24
- Tanker traffic in the Red Sea is being disrupted due to missile strikes between the Houthis and the Combined Military Forces, leading to rerouted vessels and rising prices.
- Container freight rates for vessels traveling to Europe from Asia have reached a 15-month high, with fears of the situation worsening.
- Higher shipping prices and emissions are a consequence of vessels avoiding the Red Sea route, affecting the cost of various goods and causing some companies to switch from ships to planes.