Global trade at risk as shippers shun Red Sea over Houthis attacks
December 16, 2023 Comments Off
Major shipping companies paused transiting the Middle East’s critical Bab al-Mandeb chokepoint for seaborne trade Dec. 15 after repeated attacks by Yemen’s Houthi militants threatened to upend global trade flows. Danish shipping giant A.P Moller-Maersk — which accounts for 15% of the global container freight market — suspended voyages passing through the Bab al-Mandeb until further notice. Hapag-Lloyd — which…
Global trade at risk as shippers shun Red Sea over Houthis attacks
Major shipping companies paused transiting the Middle East’s critical Bab al-Mandeb chokepoint for seaborne trade Dec. 15 after repeated attacks by Yemen’s Houthi militants threatened to upend global trade flows. Danish shipping giant A.P Moller-Maersk — which accounts for 15% of the global container freight market — suspended voyages passing through the Bab al-Mandeb until further notice. Hapag-Lloyd — which…
Archives
Categories
Archives
Recent Posts
Meta
Categories
Calender