Houthi Red Sea Attacks Send Shipping Costs Soaring over 300%
Shipping costs rose over 300 percent due to the Iran-backed Houthi terrorists of Yemen attacking cargo ships in the Red Sea.
Source: breitbart.com
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Tesla, Volvo Car pause output as Red Sea shipping crisis deepens
Automakers Tesla and Geely-owned Volvo Car said they were suspending some production in Europe due to a shortage of components, the first clear sign that attacks on shipping in the Red Sea are hitting...
Source: marketscreener.com
Tesla, Volvo Car pause output as Red Sea shipping crisis deepens
BERLIN/STOCKHOLM (Reuters) -Automakers Tesla and Geely-owned Volvo Car said they were suspending some production in Europe due to a shortage of components, the first clear sign that attacks on shipping in the Red Sea are hitting manufacturers in the region. The United States and Britain launched a series of strikes on Yemen on Thursday, aimed at the Iran-backed Houthi militia whose attacks on international shipping have disrupted one of the world's most important shipping routes. Container shipping rates jumped further this week as concerns grew that vessels carrying everything from clo...
Source: yahoo.com