The attacks on shipping in the Red Sea have sharply driven up rates as vessels divert by the Cape of Good Hope attracting the interest of stock investors in listed container lines, although the situation remains extremely fluid.
Houthi rebel leader Muhammad Ali Al-Houthi has ordered his forces not to fire on vessels transiting the Red Sea which declare they have no connection to Israel.
PSA Mumbai has become India’s first container terminal powered by 100% renewable energy with the commissioning of its 7.8MW solar farm with O2 Power.