In the past, such delays tended to be related to maintenance work, and, as such, were mostly short-lived, but there is little relief in sight in the months ahead.
Supply chain and logistics businesses need to achieve significant gains in efficiency and service these days in order to satisfy heightened customer expectations. Since these businesses operate on slim margins, they must accomplish these goals cost effectively.
The Houthis have promised to target Israel over its war against Hamas in the Gaza Strip, declaring themselves part of an "axis of resistance" of Iran-affiliated groups.
The incident is the latest in a string of attacks since Iranian-backed Houthi rebels in Yemen issued a threat to target ships until Israel’s military operation against Hamas ends.