DP World: Sea freight prices could fall 20% if Red Sea attacks curbed
DAVOS, Switzerland: Shipping costs could drop significantly if recent attacks in the Red Sea cease, according to DP (Dubai Ports) World's deputy chief executive Yuvraj Narayan.
Speaking on the sidelines of the World Economic Forum in Davos, Switzerland, Narayan said sea freight prices could fall "at least 20 percent, 25 percent" within two to three months once stability returns.
Narayan noted that non-Is