Page 7 - Jan Hoffmann News Today

UNCTAD has expressed deep concerns about the global trade disruption caused by the ongoing Red Sea crisis. The organization emphasized the adverse impact on developing nations, warning of repercussions on global food prices due to longer cargo routes and higher freight rates.

With ships traversing the Red Sea coming under attack, the world’s maritime business sails into choppy waters

The Suez Canal handled 12 to 15 of global trade in 2023.

Hamas celebrated a UN court’s ruling as it fired rockets at Israel.

By Philip Blenkinsop BRUSSELS (Reuters) - Freight going through the Suez Canal has dropped by 45% in the two months since attacks by Yemens Houthis ...

The UN trade body sounded an alarm Thursday that global trade is being disrupted by attacks in the Red Sea, the war in Ukraine, and low water levels in the Panama Canal. Jan Hoffmann, a trade expert at the United Nations Conference on Trade and Development known as UNCTAD, warned that shipping costs have already surged and energy and food costs are being affected, raising inflation risks.

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The United Nations Conference on Trade and Development says that freight levels have nearly halved since Iran-backed Houthi militants began attacking vessels in the Red Sea.

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

The volume of mercantile traffic passing through the Red Sea has decreased by 42 percent in the last two months.