📦 Container rates plummet as Houthi threat in Red Sea ends
In a week in which the Houthi rebels in Yemen have removed the threat to international shipping, excluding Israeli-owned and -flagged vessels, the WCI has fallen 11% to $3,445 a foot from the start of the month
The Shanghai-Rotterdam trade led the sharp decline, falling 19% week-on-week to $3,434 a teu. In the Asia-Mediterranean trade, rates fell 10% to $4,562 a feu
