Janurary 8, 2024

Yemen's Houthi rebels continue to target commercial vessels in the Red Sea - using missiles, drones, and helicopters. They claim the ships they are attacking are linked to Israel. The route is crucial for global supply chains, raising fears that costs for certain goods could skyrocket.

‌While it may be a long way from Paris, Berlin, and Rome, Nils Haupt, head of corporate communications for Hamburg-based shipping company Hapag-Lloyd, told CGTN that what happens in the Red Sea has a crucial knock-on impact on the delivery of goods globally.

‌"The Red Sea is extremely crucial for shipping as it connects the Far East with North Europe and also with the East coast of the United States. Also, with the East Mediterranean," he said. "It shortens the travel time, too. When we talk about the East Med, that's by about three weeks, to the U.S. East Coast, one week, and to northern Europe, 10 to 14 days."

Read more:

https://newseu.cgtn.com/news/2024-01-08/Red-Sea-attacks-cause-global-supply-chaos-firms-use-alternative-routes-1qaOvVZxarC/p.html