Disruptions in the Red Sea have also increased delivery times on some routes by up to 15 days, Paolo Gentiloni has said The disruptions to shipping caused by Houthi rebel attacks on vessels in the Red Sea have raised the cost of transporting goods on some China-to-Europe routes by around 400%, according to European Economy Commissioner Paolo Gentiloni, who also mentioned that shipping times on such routes had increased by 10-15 days. The commissioner expressed hope that the crises on one of the world’s most important trade routes won’t lead to a significant increase of inflation in the EU, but added that “further
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