Billions in cargo diverted amid Red Sea disruptions – CNBC ...News

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Billions in cargo diverted amid Red Sea disruptions – CNBC
The uncertainty over the key route linking Asia and Europe threatens global supply chains Shipping companies have redirected about $35 billion worth of cargo away from the Red Sea amid the risk of attacks from Houthi militants in Yemen, CNBC reported this week. According to the report, there are currently 57 container vessels sailing the long way around the southern tip of Africa instead of passing through the Red Sea and the Suez Canal. “That number will increase as more will take this routing,” Paolo Montrone, senior vice president and global head of trade sea logistics at Kuehne+Nagel, told CNBC. “The total con

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