Sudden container crunch sends ocean freight rates soaring, setting off global trade alarm bells

The White House blames gouging companies.

Attacks on international shipping by the Houthi Rebels in Yemen don't make matters any easier because ships have to go around the Horn of Africa instead of going through the Red Sea and using the Suez Canal.


I have shares in the Israeli shipping company Zim. They have a few dozen ships and ship logistics worldwide.



The International chaos will mean more profits for shipping companies, even with the Price of fossil fuels going up.