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Textiles

Prime Content | 
Suez route costs up as Houthi attacks disturb Red Sea trade arteries

26 Dec '23
48 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • Attacks by Houthis on vessels in the Red Sea have raised security concerns and are driving up costs for the global shipping industry.
  • The disruption threatens 30 per cent of global trade that passes through the Suez Canal, impacting essential goods.
  • The situation could have far-reaching implications for the supply chain, pricing, and the global economy.
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