Red Sea container shipping down 30% over attacks: IMF ...Middle East

DUBAI: Container shipping through the Red Sea has dropped by nearly one-third this year as attacks by Yemen’s Houthi rebels continue, the International Monetary Fund said Wednesday. “Container shipping… has declined by almost 30 percent,” said Jihad Azour, director of the IMF’s Middle East and Central Asia department, adding that “the drop in trade accelerated in the beginning of this year.” The Iran-backed Houthis have launched more than 30 attacks on commercial shipping and naval vessels since November 19, the Pentagon said on Tuesday. Walmart and Adidas cargo aboard, one ship’s voyage to avoid the Red Sea The rebels say the attacks are in solidarity with the Palestinians and in protest

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