"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...
However, rather than deterring the Houthis, this military intervention has catalyzed an escalation, with the rebel group broadening its targeting to include U.S. and British naval vessels operating in the Red Sea. PERSISTING RED SEA CRISIS JEOPARDIZES REGIONAL PEACE Local Yemeni experts are raising...
In the wake of Hamas' October attacks on Israel, and the ongoing Israeli bombardment of Gaza, a Houthi rebel faction in Yemen has been attacking shipping in the southern Red Sea.Cargo ships have been attacked by the Houthis since November. The group claims the ships being targeted are ...
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Global Shipping Giants Navigate Challenges Amidst Escalating Red Sea Crisis Date: January 4, 2024 In the wake of escalating tensions and security threats in the Red Sea, major shipping companies are grappling with critical decisions to ensure the safety of their vessels and crews. The crisis, ...
Second, although the Red Sea crisis also has a certain impact on China's textile and clothing exports to Europe (the routes in Europe and the Middle East have been empty), on the one hand, China Europe trains are more alternative to shipping. The space of China Europe trains has been bo...
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...
The crisis in the Red Sea compounds disruptions at one of the world's other key trade arteries, thePanama Canal. Drought caused by the El Nino phenomenon has led to reduced water levels, forcing the canal to restrict daily ship transit through the waterway. ...
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...
A ship sails through the Gulf of Suez, Suez Governorate, Egypt, July 18, 2024. The Egyptian Suez Canal's annual revenue dropped by about 23.4 percent in the fiscal year 2023/2024 due to the Red Sea crisis, Osama Rabie, chairman of the Suez Canal Authority (SCA), said in a statement ...