it happened late on tuesday and is the latest in a series of attacks which are prompting major shipping lines to take alternative, longer routes. the international chamber of shipping says that one in five commercial vessels and ships are now avoiding the red sea, which accounts for 12% of global trade. it s led to a near doubling in the cost of container shipping. the attackers say they ll continue to target vessels until palestinians in gaza are allowed sufficient food and medicine. michelle bockmann is principal analyst at the maritime analysts lloyd s list intelligence. thank you for being with us today, michelle. there have been multiple efforts to try and neutralise the threat from these houthi rebels to ships in the area. these latest attacks suggest they are failing. good afternoon. it certainly seems that way at the moment. the us coalition of military support that is meant to be helping that transit through the red sea to the suez canal seems to have failed to deter
thank you very much. we start with the shipping crisis in the red sea. yemen s houthi militant group has claimed responsibility for yet another attack on a container vessel, this one belonging to the french shipping line cma cgm. it happened late on tuesday despite the presence of the us navy in the area and it s the latest in a series of attacks which are prompting major shipping lines to take alternative, longer routes. the international chamber of shipping says that one in five commercial vessels are now ships are now avoiding the red sea, which accounts for 12% of global trade. it s led to a near doubling in the cost of container shipping. the attackers say they ll continue to target vessels until palestinians in gaza are allowed sufficient food and medicine. ami daniel is the chief executive of the martime intelligence and analytics firm windward, among other things, they help companies reduce risks at sea. thank you for being with us today. one in five ships choosing
biggest shipping firms, maersk and hapag lloyd. later today, the un security council is expected to meet and produce a diplomatic response. the red sea accounts for 15 percent of the world s shipping and plays a crucial part in the global supply chain. uk companies have been telling the bbc that shipping delays could push up prices. let s speak now to zvi schreiber, the ceo of freightos, an online marketplace for the international shipping industry based in israel. one in five might not sound that dramatic. is it? well, yes, it s usually dramatic. to put in context, there s about 4.5 million 20 foot containers equivalent going back and forth through the suez canal, and daily this is changing. there s a couple of days of quiet, when they start getting rooted through the suez canal again, getting rooted through the suez canalagain, and getting rooted through the suez canal again, and then there s a rocket attack and ships are either being told to stop and wait till their being
i m sally bundock with the top business stories. and we begin here in the uk where, as you ve been hearing, the nhs in england is braced for six days of strike action starting in an hour and a half, so 7am. and this marks the longest stretch of industrial action in the history of the national health service. junior doctors have been pushing for a 35% pay rise, which they say would restore their earnings after inflation to 2008 levels, but the government says this is unaffordable. for many decades, healthcare spending in western economies as a share of gdp has always risen, but recent research carried out by the economist claims that is no longer the case. so what is the cost of providing healthcare? an issue that will dominate in the run up to a general election here in the uk and a headache for most governments around the world. let s unpack this. i m joined by dr rocco friebel assistant professor of health policy at the london school of economics. good to have you on the
to cement its position in the top spot. the company s deliveries are the closest estimation to its sales figures. 0ur north american business correspondent erin delmore reports. byd calls itself the biggest car brand you have never heard of. but that may be about to change. the chinese automaker sold more battery powered electric vehicles in the last three months of the year than tesla did. that s a first. the american company is facing headwinds. higher borrowing costs in the us led to slowing demand. but its lesser known chinese rival is enjoying tailwinds, including a massive domestic market, cheap labour and strong government support. and, unlike tesla, byd makes its own batteries. so controlling that part of the supply chain gives byd more flexibility to cut prices, which it did in the last part of the year, sending sales spiking. as my colleague has just reported, tesla s latest number puts byd ahead of the curve. the chinese ev maker reported around three million in sa