Page 10 - Jan Hoffmann News Today

The U.N. trade body sounded an alarm that global trade is being disrupted by attacks in the Red Sea, the war in Ukraine, and low water levels in the Panama Canal

Trade via Suez Canal collapses due to Houthi attacks. "We are very worried," says a UN representative. Oil transit fell by 18 percent. Since mid-November, Iran-backed Houthi rebels in Yemen have attacked numerous ships in the Red Sea and the Gulf of Aden that they accuse of having ties to Israel. The militia sees itself as part of the self-proclaimed “axis of resistance” directed against Israel, of which the radical Islamic Hamas is also a member.

The U.N.s trade body sounded an alarm over attacks in the Red Sea, war in Ukraine, and low water in the Panama Canal.

The United Nations Conference on Trade and Development (UNCTAD) warned that the crisis is impacting global food prices, with longer distances and higher freight rates potentially cascading into increased costs.

STORY: As the crisis in the Red Sea deepens, exporters are wondering how to get their goods to market.

A lengthy disruption of shipping via the Suez Canal could push up prices and weigh on economic growth, particularly in Europe, which is already struggling with a perilous combination of high...

Global trade lanes are changing, the multilateralism that has supported globalisation to this point is withering and the digital advances promised to make trade more efficient are not moving fast enough. This week’s edition of the podcast starts a series of conversations about the tipping points in global maritime trade and the implications of the changes occurring

Despite a 0.4% contraction in total maritime trade volumes in 2022, the industry anticipates a 2.4% growth in 2023

UNCTAD has called for a "just and equitable transition" to a decarbonized shipping industry in its Review of Maritime Transport 2023 launched ahead of World Maritime Day (28 September). The agency highlights the pressing need for cleaner fuels, digital solutions and an equitable transition to combat continued carbon emissions and regulatory uncertainty in the shipping industry.

This episode of The Weekly Tradecast talks about UNCTAD’s Review of Maritime Transport 2023 with two of the report’s authors, Jan Hoffmann and Luisa Rodriguez.