This is the second incident involving a container ship off the coast of Kerala in recent weeks, after a vessel capsized and spilled oil into the Indian Ocean on May 25.

The logistics company opened for business in Thailand on June 1, with a team of 20 employees based out of Bangkok.

China is Australia’s biggest trading partner by far and previously expressed anger over pressure from the Trump administration concerning the Panama Canal.

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Earlier this year, the Houthis agreed to halt attacks on U.S.-flagged vessels, but vessels flagged under U.S. allies or shipping to Israeli ports have remained vulnerable.

Over the next four weeks leading into the summer, Seroka said that the Port of Los Angeles expects volumes to come in around 70-80% of what's considered normal.

When volumes slow at ports, the ripple effects are felt everywhere, from longshoremen getting fewer hours working on docks, to truck drivers who suddenly don't have any cargo to move.

The Houthis had initially agreed to cease its strikes against any ships without direct ties to Israel in late January, before resuming attacks in mid-March.

Port Canaveral operates as a major hub for Florida's cruise ship industry, as well as for SpaceX and Blue Origin, which rely on the port to offload and transport recovered launch vehicle components.

Port of Los Angeles executive director Gene Seroka said "essentially shipments out of China for major retailers and manufacturers have ceased."