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Transcripts For BBCNEWS World 20240706

business reporter david waddell. let s have a look at the geography of the situation. right here is the bab al mandab strait. it s right next to yemen, from where those houthi attacks originated. it s at the southern end of the red sea. at the northern end is the suez canal. now, ships cannot pass through the suez canal from the south without first passing through this choke point. a couple of days ago, the maersk shipping container company and hapag lloyd both announced they wouldn t be making that transit. they ve since been joined by other shipping companies. now, if you re a ship master trying to get your vessel from the indian ocean to the atlantic ocean and you cannot or will not traverse through suez, you need to pass by the cape of good hope. that adds an extra 3,000 nautical miles to thejourney. and there are other issues for ships trying to traverse from the atlantic to the pacific ocean through here. the panama canal is accepting many fewer ships right now because

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3 Impressive Shipping Stocks Worth Betting on in 2024 | Hellenic Shipping News Worldwide

3 Impressive Shipping Stocks Worth Betting on in 2024 | Hellenic Shipping News Worldwide
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.

ireda: PSU pack getting re-rated; book profit in IREDA: Rahul Shah

“The IREDA stock has done quite well. I am sure you know about it. And I think going forward, we feel that a lot of other stocks and the entire other sectors, and especially in the financial space, looks quite promising. One should look at booking profits at this level.”

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