"The Red Sea crisis has had a significant impact on Suez Canal's shipping industry, resulting in a sharp decrease in the number of passing ships," said an employee of the Aldunfah Beach Club. Industry insiders were among the first to feel the impact of the worsening situation. Khaled Tony...
Spanish Port Traffic Surges Due to Red Sea Crisis More Reuters FILE PHOTO: Flames and smoke rise from the damaged Greek-flagged oil tanker MV Sounion, which has been on fire since August 23, after an attack by Houthi militants, on the Red Sea, September 15, 2024 in this handout image....
Without a reassessment of Washington's interventionist approach, the expert warned that the Red Sea crisis risks further escalation, potentially drawing in regional actors and transforming the crisis into a broader conflagration with grave consequences for the entire Middle East. Meanwhile, Dashela also ...
Renewed Escalation in the Red Sea Crisis, Imminent Surge in Freight Costs December 27, 2023 No Comments Open NEW MAGAZINE RELEASED ! MEGA YEARBOOK 2025 SPRING BRIEF HISTORY ABOUT US Founded in 2006. First English motorcycle magazine in China. Help thousands of local Chinese motorcycle,electr...
Fitch Ratings-Hong Kong/Shanghai-07 March 2024: 本文章英文原文最初于2024年3月6日发布于:Some Chinese Exporters Face Increased Costs due to Red Sea Crisis 惠誉评级表示,持续发酵的红海危机令出口欧洲市场的中资企业面临更高的运输成本。惠誉认为,鉴于中国货品的外需有所下降,...
The second top concern among readers, some 27% was port congestion, an issue which in some cases can also be linked to the disruption caused by the Red Sea crisis. Of the three other issues 10% put compliance with new regulations as their top concern, 6% the availability of qualified seaf...
especially for complex products like semiconductors that require a lot of moving parts in the global supply chain. Just when it seemed that 2024 would be a very welcome year of “normal” supply chains, theRed Sea crisisproved that for global supply chains, there is no such thing. With this...
The Red Sea crisis not only affects transportation in local waters but also impacts the global shipping industry and supply chains, Chen Yuanhan, vice president of C. H. Robinson North Asia, told Yicai, adding that the ripple effects are just beginning to show. ...
Nonetheless, the recent rise in piracy attacks has added another layer of complexity to global maritime commerce, which is already grappling with the strategic shocks of the Red Sea crisis. “We are potentially at a critical point where any further disruption will be very tangible to consumers al...
An immediate and lasting cease-fire in Gaza will help cool down the situation in Yemen and the Red Sea," Geng Shuang, China's deputy permanent representative to the United Nations, told a Security Council meeting on the Red Sea crisis. China urges the Houthis to respect international navigati...