End of Houthi attacks could lead container rates to ‘plunge’ — just not yet
Liner operators will not likely rush to bring ships to the Red Sea, Xeneta analyst says
An end to Houthi attacks on the Red Sea could lead container rates to fall sharply, Xeneta chief analyst Peter Sand said.
But carriers will need more safety assurances before they will mount a large-scale return.
The analyst’s comments came after reports emerged that the Houthis would halt attacks on shipping as long as a ceasefire between Israel and Hamas holds.
