"We know that the Red Sea impacts have caused significant rerouting of cargo for vessel operators to all markets," Peter Xotta, the head of the Vancouver Fraser Port Authority, said in an interview Friday.
On March 6, fighters struck the bulk carrier True Confidence, killing three civilians, the first deaths since the militants began to target ships linked to Israel, the U.S. or U.K. The surge marked a six per cent increase from 2022, despite a sputtering global economy and a big drop in container shipments.
"With the pandemic early on, we saw very strong consumer purchasing driving container volumes," Xotta said in the interview. Some 79 per cent of household products came from China, with Vietnam and South Korea as distant runners-up. Fewer imported construction materials and industrial and auto parts also fuelled the fall in container figures.
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