India  
 
NewsR.in

Red Sea attacks disrupt world trade, more ships vow to avoid waters

IndiaTimes Friday, 22 December 2023
Germany's Hapag-Lloyd and Hong Kong's OOCL will reroute 25 ships from the Red Sea due to attacks by Yemen's Houthi group, disrupting global trade. The Suez Canal, which handles 12% of worldwide trade, is severely impacted. Rerouting ships will cause backups at ports and shortages of vessels, containers, and equipment. The Iran-aligned Houthis have been attacking ships in response to Israel's war in Gaza. Global logistics executives stress the need for contingency plans to keep supply chains moving. Freight rates and shipping stocks have increased due to the disruption.
0
shares		ShareTweetSavePostSend
 
Video Credit: Rumble - Published
News video: U.S. takes action to counter Houthi threats in wake of Red Sea attacks

U.S. takes action to counter Houthi threats in wake of Red Sea attacks 09:09

 The U.S. announced a task force with other nations aimed at protecting commercial vessels in the Red Sea from Houthi rebel attacks. But some shipping companies have already rerouted their vessels over the attacks.

You Might Like


Related videos from verified sources

Red Sea crisis could put inflationary pressures on India’s economy| Houthis attack Red Sea| Oneindia [Video]

Red Sea crisis could put inflationary pressures on India’s economy| Houthis attack Red Sea| Oneindia

Initially, concerns about the impact of the Israel-Hamas conflict on the global economy were dismissed, as nearby oil-exporting regions continued their production without disruption. Despite efforts by..

Credit: Oneindia     Duration: 03:04Published
US Allies Spain and Italy Hesitant on Biden's Red Sea Initiative, Bolstering Houthis | Oneindia News [Video]

US Allies Spain and Italy Hesitant on Biden's Red Sea Initiative, Bolstering Houthis | Oneindia News

The launch of a new maritime force, Operation Prosperity Guardian, aimed at countering Yemen's Houthi attacks on Red Sea shipping faced setbacks as allies like Italy and Spain distanced themselves...

Credit: Oneindia     Duration: 02:14Published
Red Sea Attack: Spanish PM Pedro Sanchez calls for new EU mission formation | Oneindia News [Video]

Red Sea Attack: Spanish PM Pedro Sanchez calls for new EU mission formation | Oneindia News

The Red Sea situation continues to intensify. In a noteworthy development, Spain has taken a stand against utilising the European Union's anti-piracy naval force, Operation Atalanta, to safeguard..

Credit: Oneindia     Duration: 02:11Published

Related news from verified sources

US says it shot down 2 missiles launched from Houthi-controlled areas

 A Singapore-flagged, Denmark-owned/operated container ship reported that it was struck by a missile and the USS Gravely and USS Laboon responded to the ship,...
IndiaTimes