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Freight through Suez Canal down 45% since Houthi attacks

submitted by snowpeach to WorldNews 3 monthsJan 26, 2024 06:46:06 ago (+2/-1)     (WorldNews)

Freight going through the Suez Canal has dropped by 45% in the two months since attacks by Yemen's Houthis led shipping groups to divert freight, disrupting already strained maritime trading routes, according to UN agency UNCTAD.

https://files.catbox.moe/dbrki3.jpg

seen here:
https://www.reuters.com/world/middle-east/freight-through-suez-canal-down-45-since-houthi-attacks-unctad-2024-01-26/
https://www.nationalheraldindia.com/international/un-warns-red-sea-conflict-affecting-trade-suez-shipping-drops-by-42


2 comments block

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[ - ] PeckerwoodPerry 1 point 3 monthsJan 26, 2024 12:45:00 ago (+1/-0)

That's pretty huge, sucks to be Egypt right now. That's a large part of their economy.

[ - ] snowpeach [op] 0 points 3 monthsJan 28, 2024 12:43:11 ago (+0/-0)

Yeah it is, also for some European companies - some rely on part of their production on chinks, that may cause some delays, or worse.