Just when the commercial world thought it was safe to go back in the water, 2024 brought spiking container prices stemming from Houthi rebel attacks in the Red Sea, causing up to 600% increases in North Asia to Europe 40-ft. container prices since Oct. While analysts at S&P Global Commodity Insights do not expect spikes to hit levels akin to 2021 supply chain crisis, the impact to Suez Canal shipping is radiating out to other lanes. A look at the Jan. 18 Drewery World Container Index shows composite prices up 23% ... Log in to view full article.