According to intelligence financial news, the performance of Asian enterprises in the first half of the year shows that the chain reaction of the Red Sea crisis will continue to bring a high cost to enterprises producing and exporting goods, while companies engaged in goods transportation benefit from higher freight rates. According to institutions, by mid-July, in order to avoid the risk of attack in the Red Sea, container ships have reduced the volume of traffic on narrow channels by about 70% compared with December last year. This has increased transit time and freight costs.

Including China's shipping companies such as COSCO Shipping Holdings, their income has increased due to the increase in revenue from container shipping business, while Orient Overseas International Ltd. (OOIL) has stated that due to supply chain tension and rising freight rates, its performance on the trans-Pacific trade route is better. On the other hand, companies like Miniso (MNSO.US) are being affected by the rise in logistics costs. Dixon Technologies stated that the rise in freight rates has affected profit margins. Indian motorcycle manufacturer TVS Motor Co. says that exports face longer transit times.

Bloomberg analysts Lee A. Klaskow and Kenneth Loh said, 'The container shipping industry and its connected supply chain have been hit again, this time by the prolonged crisis in the Red Sea. The recent result is soaring container rates and liner company earnings.'

The Houthi armed group controls parts of northwest Yemen and has been attacking ships with drones and missiles since mid-November. The Houthi armed group claims that their attacks on ships associated with Israel and the West are in solidarity with Palestine amid the ongoing Gaza war. More and more commercial ships are choosing longer routes to bypass the area.

Bloomberg analysts said, 'We believe that once the supply chain normalizes, freight rates will return to below breakeven. The growing supply-demand gap could weigh on the prospects of container rates and liner earnings.'

The impact on port operators is mixed. Adani Ports and Special Economic Zone Ltd., India's largest port operator, has seen overall throughput growth, while Gujarat Pipavav Port Ltd. has seen a decrease in container throughput due to smuggling.

Other beneficiaries include companies in the air freight industry, as businesses seek alternative ways to extend transit times. This has helped Singapore Airlines increase its freight load factor by 5.9 percentage points year-on-year in the April to June quarter; the airline noted strong e-commerce traffic and increased demand for air freight driven by the Red Sea crisis. Cathay Pacific air also reported a 10% increase in freight volume from January to June this year; the airline and HSBC analysts expect the demand to remain at a healthy level by the end of this year.

Soren Toft, CEO of the world's largest container shipping company, Maersk, believes that the Red Sea crisis will not end in the short term. Toft said, "I don't believe there will be any short-term solution" to ensure safe passage in the region.