Page 9 - Jan Hoffmann News Today

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 Panama Canal

Attacks against shipping in the Red Sea by Houthis are devastating for global trade and supply chains, already reeling under the impacts of the war in Ukraine and climate change-linked conditions in the Panama Canal, said the UN trade and development body, UNCTAD, on Thursday.

Freight going through the Suez Canal has dropped by 45% in the two months since attacks by Yemen's Houthis led shipping groups to divert freight, disrupting already strained maritime trading routes, according to UN agency UNCTAD. UNCTAD, the United Nations Conference on Trade and Development, which supports developing countries in global trade, warned of risks of higher inflation, uncertainty of food security and increased greenhouse gas emissions. Shipping companies have diverted ships f...

Recent attacks in the Red Sea, the ongoing war in Ukraine and depleted water levels in the Panama Canal are causing disruptions in global trade, the United...

UNITED NATIONS (AP) — 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 […]

Freight going through the Suez Canal has dropped by 45% in the two months since attacks by Yemen's Houthis led shipping groups to divert freight, disrupting already strained maritime trading routes, according to UN agency UNCTAD. UNCTAD, the United Nations Conference on Trade and Development, which supports developing countries in global trade, warned of risks of higher inflation, uncertainty of food security and increased greenhouse gas emissions, Reuters reported.

Since attacks by Yemen’s Houthi rebels on ships in the Red Sea began in November, major players in the shipping industry have temporarily halted using Egypt’s Suez Canal.

The U.N. trade body has 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. 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. Since attacks by Yemen's Houthi rebels on ships in the Red Sea began in November, he said, major players in...

Freight going through the Suez Canal has dropped by 45% in the two months since attacks by Yemens Houthis led shipping groups to divert freight…

UNCTAD is warning of higher inflation, uncertainty of food security and higher greenhouse gas emissions