He says carriers are still changing routes, and higher costs are being passed on to consumers.
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Red Sea shipping diversions may last a few more months due to Houthi pirate attacks says Hapag-Lloyd CEO Rolf Habben Jansen.
He says carriers are still changing routes, and higher costs are being passed on to consumers.
The regulatory crisis in global trade and the era of trade wars and the Western sanctions against China and Russia that have unfolded in recent years have hastened already-rapid growth in bilateral trade between the states.