Red Sea attacks: Slight fall in shipping costs but still over 300% more expensive than...
Typical shipping prices are 329% more expensive since disruption began in the key Red Sea shipping route in November, new figures show.
Source: heart.co.uk
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Typical shipping prices are 329% more expensive since disruption began in the key Red Sea shipping route in November, new figures show.
Houthi attacks on ships in the Red Sea have disrupted trade between Asia and Europe – could ships cross the Arctic instead?
By Matt Egan, CNN
Houthi attacks on Red Sea shipping lanes has not yet blossomed into global shipping crisis, but with inflation still smoldering, it wont take much to re-ignite price chaos.
The data also show a corresponding rise in the number of ships passing by the Cape of Good Hope near the southern tip of Africa.