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‘It’s All Happening Again.’ The Supply Chain Is Under Strain.

As Houthi rebels intensify their attacks on vessels headed for the Suez Canal, global shipping prices are soaring, raising fears of product shortages and delays.

A cargo ship carrying shipping containers. A ship transiting the Suez Canal in January. Credit: Sayed Hassan/Getty Images

By Peter S. Goodman June 24, 2024

Stephanie Loomis had hoped that the chaos besieging the global supply chain was a thing of the past. The floating traffic jams off ports, the multiplying costs of moving freight, and the resulting shortages of goods all seemed like unpleasant memories from the COVID-19 pandemic.

No such luck.

As head of ocean freight for the Americas at Rhenus Logistics, a company based in Germany, Ms. Loomis spends her days negotiating with international shipping carriers on behalf of clients moving products and parts around the globe. Over the last few months, she has watched cargo prices soar as a series of disturbances have roiled the seas.