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Shanghai, China, Dec 20 (EFE).- The forced diversion of merchant ships from the Red Sea due to the imminent threat of attacks from Houthi militants off Yemen has led to a surge in freight charges after many shippers re-routed their vessels. The rising shipping costs have also affected trade between China and Europe, sparking supply …
Houthi militants have stepped up their involvement in the Israel-Gaza war, meaning ships face an extra 10 days at sea if they divert via the Cape of Good Hope instead of the more direct route through the Suez Canal.
Russia’s invasion of Ukraine has basically turned an international freight network into the ‘China-Russia Railway Express’For those looking to avoid Russia, the Middle Corridor’s Caspian Sea is calling – but will it be their salvation or more like a siren’s summon?
Russia’s invasion has limited shipment routes from China to Europe and raised interest in alternative and nascent routes – including across the choppy Caspian Sea. But relevant governments need to get on board.