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 Eurasian railway route is undergoing a fundamental transformation associated with the replacement of lost transit volumes with cargo moving via the China-EAEU-China route. The reorientation of Russia’s trade and economic relations towards the East provides opportunities for the development of the route in this direction.
Many shipping companies have pulled their vessels from the Suez Canal route as Houthi rebels in Yemen continue to fire at cargo ships. Some exporters are now using the overland rail route between China and Europe, with enquiries doubling since the Red Sea attacks began.