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.
55 Articles
55 Articles
Freight through Suez Canal sinks 45% amid Houthi attacks
Freight going through the Suez Canal has plunged by nearly half since Iran-backed Houthi militants began attacking vessels in the Red Sea as a show of support for Palestinians in the Israel-Hamas war. UNCTAD, the United Nations Conference on Trade and Development, which supports developing countries in global trade, says that 39% fewer ships than at the start of December transited the canal, leading to a 45% decline in freight tonnage. Containe…
Freight through Suez Canal slashed by almost half in wake of Houthi attacks, says UN agency
Vessels have been forced to use longer, alternative routes, causing delays and increased costs, which will eventually be passed on to consumers as higher prices, while there is also an environmental impact.
Frachtmenge durch Suezkanal wegen Huthi-Attacken fast halbiert
Wegen der Attacken der Huthi-Miliz fahren weniger Schiffe durch das Rote Meer. Die Vereinten Nationen warnen vor den Folgen für den Welthandel. Mit dem Suezkanal sind derzeit drei globale Handelsrouten gestört.[mehr]
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