Drewry: Red Sea Crossings in Rapid Decline

What: Red Sea crossings have declined significantly according to Drewry's latest data.
Why: The decline is attributed to the Iran/Middle East conflict and its impact on global trade routes.
Signal: The rapid decline in Red Sea crossings signals a significant shift in global shipping patterns.
Target: The target market for Drewry's Red Sea Diversion Tracker is shippers, carriers, ports, and other stakeholders in the region.
Risk: The risk of supply chain disruptions and increased costs is high due to the decline in Red Sea crossings.