Welcome to the breaking news show by E turbo news for more episodes go to breakingnews show.com stay tuned for the latest houti Terror attacks caused 300% jump in Su Canal tolls since mid October the houthis have conducted over 24 attacks utilizing drones and missiles targeting both commercial vessels and
Warships in the Red Sea the expenses associated with moving Goods across the Red Sea and the sez canal a crucial Maritime route for international trade have skyrocketed by more than 300% since November this increase is attributed to ongoing houti assaults on commercial ships suspected to have ties with Israel
The latest industry report citing data examined by dsv a global logistics firm highlighted these substantial cost hikes the Shanghai containerized Freight index scfi which is widely used to gauge these expenses surg to $3,111 per 20ft container compared to last Friday’s $2,871 the figures indicate that the cost of shipping a container from
Shanghai to Europe has reportedly increased by 310% since the start of November since mid October the houthis have conducted over 24 attacks utilizing drones and missiles targeting both commercial vessels and warships in the Red Sea these attacks have prompted major Freight companies such as MSC MK cmacgm and Haag loid to re-root their
Cargo around the southern tip of Africa bypassing the Gulf of Aiden and the Suz Canal the houthis militants who have vowed to Aid Gaza amidst the conflict between Israel and amas terrorists are responsible for these actions the diversion of the route results in a journey extension of over 10 days and
Leads to a significant surge in Insurance expenses concurrently there is a rise in staff wages and the transportation companies incur additional fuel costs due to the increased duration of the journeys shipping costs although they have risen significantly are still lower than the levels observed in March
2021 during that time the Su Canal was blocked by the grounded everg given container ship which resulted in The crucial trade route being inaccessible for 6 days this incident caused numerous ships to be stranded and an estimated $9 billion of global trade to be delayed each day earlier this week air strikes
Were initiated by the United States and UK against houti terrorists in Yemen as a reaction to the terror groups banditry in the Red Sea and the gulf the international response to this action has been cautious with some cautioning about the potential escalation of conflict in the Middle East thank you
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