Container Freight Rates Could Plunge With End Of Houthi

Container Shipping Rates Could Ease Amid Houthi Attack Halt

The Houthi militia has reportedly ceased attacks on Israel and Red Sea shipping, impacting global container shipping dynamics. Peter Sand, Chief Analyst at Xeneta, emphasizes that safety assurances are crucial for carriers. While some companies cautiously resume routes, overall container traffic through the Suez Canal has declined, risking further drops in freight rates.

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Status of 13 Missing Filipino Seafarers Unclear After Houthi Attack, Search Ongoing

Authorities have not confirmed the status of 13 missing Filipino seafarers from the MV Eternity C, attacked by Houthi militants. DMW Secretary Hans Cacdac stated they are verifying crew members’ conditions and emphasized ongoing search efforts, despite challenges. The government is in close contact with families regarding the situation.

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Filipino crew members unharmed in Red Sea missile attack.

The Philippine government confirmed the safety of 13 Filipino crew members aboard a cargo ship damaged by missile attacks in the Red Sea. The vessel, Laax, was targeted by Houthi rebels near Yemen, prompting distress calls from the crew. Despite the damage, the crew is unharmed and the ship is continuing its voyage. The Philippines has since banned deployment of seafarers in high-risk areas.

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