The Red Sea, from the Suez Canal in the north to the Bab al-Mandeb in the south, is a vital link in the global economy. Since the start of this year supply chains have been feeling the full effect of now deadly attacks from Yemen’s Houthis on ships using the route.
Shipping firms avoiding the Red Sea have racked up delays, insurance costs, security costs, and other tolls that are being passed on to customers (MEES, 5 January). (CONTINUED - 853 WORDS)
