Freight via Suez Canal down 45% – UN ...News

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Freight via Suez Canal down 45% – UN
source : Russia Today ( News ) () 17
Major shippers have stopped using the vital maritime route due to ongoing Houthi attacks Freight through the Suez Canal has plummeted by 45% in the two months since Houthi rebel attacks on vessels in the Red Sea forced shipping companies to divert shipments, sending shockwaves through global supply chains, the UN Conference on Trade and Development (UNCTAD), reported this week. Jan Hoffmann, chief of trade logistics at UNCTAD, warned that shipping costs have already surged and energy and food costs are being affected, raising inflation risks. “We are very concerned,” he told reporters. “We are seeing delays, highe

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