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Survey reveals more than half of UK exporters hit by Red Sea shipping disruption

  • More than half of UK exporters faced disruptions from Houthi attacks in the Red Sea, causing shipping cost hikes and delays.
  • 37% of businesses experienced impacts from the attacks, with container hire costs increasing and delivery times extending by weeks.
  • Spare capacity in the shipping industry is buying time, but prolonged disruptions could escalate cost pressures, warns BCC's William Bain.
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Arab News broke the news in Riyadh, Saudi Arabia on Sunday, February 25, 2024.
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