The country, ravaged by nearly a decade of civil war, now faces a new challenge: a crippled economy further strained by the escalating crisis in the Red Sea. In Sanaa's Old City, the famed Al-Melh market used to be known for its labyrinthine alleys overflowing with affordable Eid delights...
The U.S. military, mainly in collaboration with the British forces, has conducted hundreds of airstrikes against Houthi-controlled areas in Yemen, but the group has continued its attacks on ships in the Red Sea and expanded the attacks to the Indian Ocean and even allegedly in the Mediterranea...
People in the U.K. could soonface a shortage of teabecause of supply chain disruptions caused by the ongoing crisis in the Red Sea, according to members of the U.K. supermarket industry. According to Reuters, the British Retail Consortium — a trade association for retailers in the U.K...
Longer journey times,shortages of vessels and potential port con-gestion challenge a sector already under huge financial pressure.The unfolding shipping crisis in the Red Sea presents a real challenge for the global textile recycling trade.The most obvious implication is the additional 10 to 14 days...
Houthi attacks on commercial ships in the Red Sea was their top concern. The attacks that started in late 2023 have seen a large number of vessels re-routing via the Cape of Good Hope despite adding significantly to the length of voyages between Asia and Europe, the Med, and the Middle ...
"The pace [of exports] has slightly dropped. We attribute it to objective reasons: these are coincidences related to the New Year. [...] The second point is the problems in the Red Sea," Ukrainian media quoted him as saying. Certain items of Ukrainian agricultural exports were being shippe...
The escalating conflicts in the Red Sea have severely impacted logistics operations for shippers and 3PLs (third-party logistics providers) worldwide. The webinar “From Disruption to Adaptation: Navigating Through the Impact of a Red Sea Crisis” organized by the Global Supply Chain Council and su...
In the aftermath of recent attacks in the Red Sea and its surrounding waters, an ocean transportation hub connecting Asia and Europe, hundreds of vessels are opting to suspend operations, bypass the area and navigate around the Cape of Good Hope in…
China-Europe Railway Express (CRE) is hailed as the "iron camel caravan" that connects the Eurasian continent. It is also a "stabilizer," ensuring the security of international supply chains in a turbulent world. The Express has become the "main artery" of high-quality joint construction of ...
A delivery of gear boxes has been delayed, a spokesperson for the Sweden-based auto maker said, the second company after Tesla to disclose an interruption to production because of attacks on vessels in the Red Sea. Car deliveries, production targets and its other European plant in Gothenburg, ...