Importers Face Surging Shipping Costs, Delays as Red Sea Diversions Pile Up

null By Paul Berger and Costas ParisUpdated Jan. 10, 2024 12:00 am ETShipping cost increases have accelerated in the past two weeks on routes that traditionally use the Suez. Photo: Stringer/Bloomberg NewsWestern importers are reporting a steep rise in ocean-shipping rates and weekslong delays as carriers divert ships from the Red Sea to avoid Houthi rebel attacks.Some companies shipping goods on the crucial trade lane are starting to chafe at the rising prices and extra fees that ocean carriers are imposing for the higher cost of routing containerships on longer voyages around the Horn of Africa following drone and missile attacks by Houthi rebels in Yemen. Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8Sponsored OffersWalmart: $20 Off Walmart Promo Code - Any $50+ OrderTarget: Take 20% Off Your Entire Order - Target promo CodeGroupon: Groupon January coupon: Up to 75% off all local deals + extra 30% off at checkouteBay: Unlock 10% of