From the Desk of Ian Culley @IanCulley
Houthi rebels are rampaging in the Red Sea.
The result: Many carriers are taking the scenic route around the Cape of Good Hope in South Africa instead of the Suez Canal.
The longer route brings weeks-long delays and increased costs as the price to ship a 40-foot-long container has nearly doubled since late November.
It won’t be long before those additional charges trickle down to us, the consumer.
What are you going to do?
Buy marine shipping stocks!