Houthi attacks causing Red Sea shipping crisis

The Suez Canal, which connects the Red Sea to the Mediterranean Sea, is one of the world’s most important waterways. It accounts for 10 to 15% of world trade – including oil exports – and 30% of global container trade.

READ MORE: https://thenationaldesk.com/news/fact-check-team/houthi-attacks-causing-red-sea-shipping-crisis-military-drones-american-warships-cargo-us-britain-israel-palestinians-gaza-suez-canal-ships-trade-freight

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#news #houthi #redsea #shipping #suezcanal #unitedstates #factcheckteam

INCOMPLETE. UNTIL THE ISSUE IS FULLY RESOLVED NEXT MONTH. EARLIER THIS WEEK, ARRON BANKS HOOTIE MILITANTS CARRIED OUT A MILITARY DRONE ATTACK. AGAINST SEVERAL AMERICAN WARSHIPS, THE LATEST IN A SERIES OF ATTACKS ON SHIPPING IN.

THE RED SEA I WOULD COURTNEY FOR THE FACT CHECK TEAM. AND THIS HAS BEEN GOING ON SINCE NOVEMBER. WE’VE BEEN TALKING ABOUT IT CAUSING. A SHIPPING CRISIS CAN YOU BREAK DOWN WHY CHARISSA THIS ALL CENTERS AROUND? THE SUEZ CANAL, WHICH YOU’LL

WATER WAYS ACCOUNTING FOR 10 TO 15 PERCENT OF GLOBAL TRADE AND 30 PERCENT OF CONTAINER. TRADE, BUT INSTEAD OF GOING THROUGH IT, SHIPS ARE RE ROUTING AROUND. SOUTHERN AFRICA TO AVOID THE ATTACKS, WHICH ADDS 4000 MILES AND TAKES UP TO 2 WEEKS.

LONGER, A GOOD GOOD. YOU BRING UP TIME, BUT THERE’S ALSO MONEY HOW ABOUT THE FINANCIAL IMPACT. IT’S ADDING THAT EXTRA DISTANCE DOES REQUIRE MORE FUEL, WHICH WILL COST UP TO $8 MILLION. MORE. >>PER VESSEL, ACCORDING TO

ESTIMATES FROM FREE PLATFORM IS AN IDEA. SO CARRIERS ARE HIKING RATES. THE PRICE FOR A TYPICAL 40 FOOT CONTAINER IS OVER $3700 UP. 90 PERCENT FROM THE SAME TIME LAST YEAR, AND THIS IS CAUSING THE BIGGEST ISSUE.

FOR EUROPE AND ASIA, THAT’S EXACTLY RIGHT PRICES FROM ASIA TO EUROPE ARE 5 TIMES. HIGHER THAN THEY WERE IN DECEMBER. AND THIS CRAFT REALLY PUTS THINGS INTO PERSPECTIVE. TAKE A LOOK SHIPPING COSTS FROM SHANGHAI TO GENOA ARE UP MORE

THAN 350 PERCENT.