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Published 3 months ago

Freight through Suez Canal slashed by almost half in wake of Houthi attacks, says UN agency

  • Freight through the Suez Canal has dropped by 45% due to attacks by Yemen's Houthis, leading to vessel diversions, risking higher inflation and food security.
  • The disruptions in the Red Sea crisis have impacted the shipment of grains and key commodities, resulting in increased costs and risks to global food security.
  • The Panama Canal is also facing disruptions due to low water levels from drought, causing a significant reduction in vessel transits and impacting world trade.
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