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Houthi attacks in the Red Sea

Houthi attacks in the Red Sea are idling car factories and delaying new fashion. Will it get worse?

Houthi rebels in Yemen are disrupting a vital global commerce route by attacking ships in the Red Sea, forcing them to do more expensive and time-consuming circumnavigations of Africa. Both Belgium and Germany have idled their automobile manufacturing. One of the biggest department stores in Britain is delaying their spring fashion ranges. A hospital supplies …

Houthi attacks in the Red Sea are idling car factories and delaying new fashion. Will it get worse? Read More »

Suez Canal Freight Decline

Freight through Suez Canal down 45% since Houthi attacks – UNCTAD | Sameh Marine

BRUSSELS, Jan 26( Reuters)- Freight crossing through the Suez Canal has cut out by 45 in the two months since strikes by Yemen’s Houthis led shipping banks to disport freight, dismembering formerly strained maritime trading routes, according to UN agency UNCTAD. UNCTAD, the United Nations Conference on Trade and Development, which supports developing countries in …

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