Global Shippers Bypass Suez Canal As Security Concerns Persist

The threat of attacks in the Red Sea has prompted half of the container fleet usually transiting the Suez Canal route to divert away from that route, with the number of vessels now traveling around Africa instead doubling from last week, according to data from Flexport Inc reported by Bloomberg. This week, the number of container vessels that have already changed route or plan to alter course is double from a week earlier. The total of 4.3 million containers those ships can carry account for around 18% of global container capacity, according…