Episode 202 Shipping firms are cautiously optimistic that a Gaza truce will enable safe passage through the Suez Canal. The 14-month Red Sea trade route disruption has cost tea companies millions of dollars by forcing all European-bound tea from Asia, South Asia, and Africa to transit South Africa, adding the cost of 10 - 12 days in transit. Drewery’s World Container Index decreased 11% this week to $3,445 per 40ft container, but shipping insurance premiums remain high. Yemen-based Houthis

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