Red Sea rebound: MSC returns as Houthi attacks persist

Another major shipping company has resumed operations in the Red Sea, signaling cautious optimism in the container freight market despite ongoing geopolitical tensions. Mediterranean Shipping Co. has rejoined other global liners navigating the southern Red Sea, even as Houthi rebel attacks on vessels persist in the region. Trans-Pacific shipping rates have surged this summer, defying typical seasonal patterns. Asia-to-U.S. West Coast prices reached $7,600 per forty-foot equivalent unit (FEU) this week—matching early July levels and marking a $5,000 increase since late May. East Coast rates have also risen, climbing $800…

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