Red Sea turmoil drives Chinese exporters to rail, other alternatives

News Snapshot:

A recent round of U.S. and British strikes on Houthi targets in Yemen raise fresh questions about the impact of container shipping in the Red Sea, as shippers continue to seek alternative means of navigating the crisis. The strikes, which were conducted on Saturday, spurred threats from Houthi leaders and a warning from Jake Sullivan, national security advisor to President Joe Biden, that any direct response by Iran — rather than through the Houthi rebels it backs — “would be met with a swift and forceful response from us.” China-Europe rates dip from January’s peak Container shipping fundamentals have tightened...