shipping firms pause red sea journeys over attacks

shipping firms pause red sea journeys over attacks

The shipping industry is in crisis :

Two of the world's most important shipping routes have collapsed.

One is due to the climate crisis and the other is due to the war crisis.

The Panama Canal is restricted due to drought, and on the other hand, the Houthi armed attacks on ships passing through the Red Sea to the Suez Canal.

The two major shipping routes are blocked, a large number of cargo faces the risk of delay and fuel costs increase, which has a serious impact on the global shipping industry; It would also cause freight rates to soar, dealing a blow to global trade.

Its suggested to arrange importing plan as early because of possible shipping delay and rising shipping cost !