Red Sea attacks: what next for global shipping?

The Red Sea crisis has started something that may not disappear for some time to come. The financial impact on global shipping significant and already stretched supply chains are under even greater pressure. Tough times to make any predictions .. The crisis has significantly impacted global shipping, leading to increase in freight costs. As ships choose to transit through the longer Cape of Good Hope, transit times increase, causing delays and higher fuel consumption further escalating shipping costs.