The prospect of a large scale return of container ships to the Red Sea following the announcement of a ceasefire between the U.S. and Houthi militia in Yemen would flood the market with shipping capacity and cause a global collapse in freight rates – but the situation remains far from certain.

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Red Sea return of ships could see freight rates crash: Xeneta
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Red Sea return of ships could see freight rates crash: Xeneta

"Global TEU-mile demand would decline 6% if container ships begin sailing through the Red Sea and Suez Canal again."