What is the Red Sea crisis, and what does it mean for global trade?

The world’s largest shipping firms are continuing to pause shipments through the Red Sea after attacks by Houthi rebels along the crucial international trade route.

As container ships are diverted around the Cape of Good Hope on the southern tip of Africa, adding thousands of miles to journeys, the disruption is driving up the cost of shipments from Asia to Europe, raising the prospect of a renewed inflation shock for the world economy.…

This data comes from the ChinaPulse.com media intelligence and smart news insights monitoring platform.