Cargo owners consider airfreight alternative to Red Sea shipping delays

News Snapshot:

Global businesses, uncertain how long the shipping crisis in the Red Sea will last and with a looming shortage of vessels for the export rush before China’s New Year celebration, are scrambling to shift some ocean cargo to airlines, according to logistics specialists. Major container lines have rerouted vessels around the Horn of Africa or docked them in safe locations to avoid the threat of drone and missile attacks by Yemen’s Iran-backed Houthi rebels in the Red Sea and Gulf of Aden. The Houthis say they are targeting vessels with links to Israel in support of Palestinians under siege in...