Red Sea attacks hit global trade ...Middle East

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Red Sea attacks hit global trade
OSLO/PARIS: Maersk and CMA CGM, two of the world’s largest shipping firms, will impose extra charges after deciding to re-route ships following attacks on vessels in the Red Sea, as worries about the disruption to global trade grow. The surcharges, designed to cover longer voyages around Africa compared with routes via the Suez Canal, will add to rising costs for sea transport since Yemen’s Houthi group started targeting vessels. Maersk and CMA CGM are among leading shipping lines to have suspended the passage of vessels through the Red Sea that connects with the key Suez Canal, the quickest sea route between Asia and Europe. Instead, they are directing ships around the Cape of Good Hop

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