Browsing: red sea crisis

The number of vessels sailing around the southern tip of Africa is up 85 percent from the first half of December as attacks by Yemen’s Houthis force ships to sail thousands of miles further than normal.

In addition to the effect on tourism, attacks on Red Sea shipping have jeopardised another of the main sources of hard currency for Egypt’s struggling economy – receipts from traffic through the Suez Canal

Bloomberg Intelligence expects loss in Suez Canal revenues to continue in case tensions in the region persist Egypt has lost…

Over half of British exporters and manufacturers have faced problems due to shipping disruptions in the Red Sea caused by attacks on vessels by Yemen’s Houthi rebels, according to a new survey by the British Chambers of Commerce (BCC).

The Houthis have carried out relentless attacks since November on shipping transiting the Red Sea, a maritime hub through which 12% of global trade usually passes

RAS LAFFAN: Disruption to shipping in the Red Sea region will impact QatarEnergy’s deliveries of liquefied natural gas but not its production, CEO Saad al-Kaabi said on Monday.

Danish shipping major AP Moller-Maersk is advising customers to prepare for a prolonged Red Sea crisis that could stretch well into the second half of this year, CNBC reported this week. 

The shipping disruptions are pressuring prices but not to the point that inflation projections should be hiked, Kristalina Georgieva says