Red Sea tensions impact on oil and shipping market in the West offshore-technology.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from offshore-technology.com Daily Mail and Mail on Sunday newspapers.
The attacks on merchant ships in the Red Sea are severely impacting global maritime container traffic, with volumes in the area down by nearly 70% of anticipated cargo, a leading German economic institute reported on Thursday. The Kiel Institute for the World Economy (IfW) said container volume in the Red Sea "plummeted by more than half and is currently almost 70% below the volume that would usually be expected." "The detour of ships due to the attacks in the Red Sea around the Cape of Good Hop
Cargo volume in the Red Sea collapses due to Houthi attacks: Kiel shafaq.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from shafaq.com Daily Mail and Mail on Sunday newspapers.