Maritime traffic diversion from the Red Sea and the Suez Canal has caused congestion at the port of Singapore, one of the busiest in the world. The congestion is expected to spread to final destinations, too, according to a Bloomberg report. The report details that as the Yemeni Houthis continue to target Western ships in the Red Sea, shipping operators have moved much of their traffic around the Cape of Good Hope. One consequence of this is that these ships can no longer call at a Middle Eastern port along their way between Asia and Europe…
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