Red Sea blockade undermining global commerce – report ...News

Russia Today - Economy
Red Sea blockade undermining global commerce – report
source : Russia Today ( News ) () 87
Attacks on container ships have reduced traffic through the Suez Canal World trade plunged by 1.3% from November to December 2023 as a result of Houthi attacks on merchant vessels in the Red Sea, according to a new report by the IfW Kiel. The German economic institute said on Thursday that the volume of containers transported via the Red Sea had plummeted by more than half as of December and is currently almost 70% below the volume that would usually be expected. The research shows that currently around 200,000 containers are being transported via the Red Sea daily, down from some 500,000 per day in November. “The

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