Global shipping “not in crisis” just yet, says the UN

Consumers may be faced with higher food prices due to delays along the world’s major shipping corridors. Speaking at the United Nations on Thursday, Jan Hoffmann the Chief of Trade Facilitation said three of the world’s shipping lanes have seen major decreases in traffic. Hoffman’s briefing comes as attacks on shipping vessels by Houthi militia in the Red Sea continue unabated. Jody Jacobs reports from the UN in New York.