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HOUTHI ATTACKS IN RED SEA CRIMPING TRADE
The Morning Standard
|January 13, 2024
Shipping container firms are avoiding Red Sea | Number of containers fell by over half in Dec | 1.3% decline in world trade due to delays
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THE attacks on commercial ships in the Red Sea by Houthi rebels have rerouted most of the trade normally flowing through the crucial maritime artery for consumer goods and energy supplies, a shift that's delaying shipments and raising transport costs.
The impact struck home on Friday when electric car maker Tesla said it had to shut down its factory outside Berlin from January 29 to February 11 due to delays in supply chains.
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