BBCNEWS World July 6, 2024
are the latest shipping companies to abandon the red sea area. the suez canal handles more than a tenth of the world's trade, but it's particularly vital for the movement of goods between asia and europe. the alternative is a long and expensive detour around the cape of good hope at africa's southern tip. because of the disruption, the cost to ship a container from china to the mediterranean has risen 44% this month alone. that's according to the online shipping marketplace, freightos. swedish homewares giant, ikea, is just one of the companies now warning of delays and possible avai...
Source: archive.org