Recent attacks by Iranian-backed Houthi militants in the Red Sea have caused significant disruptions to shipping routes, particularly affecting the Suez Canal, a critical passage for global trade, handling about 15% of worldwide shipping. These disruptions have forced European and U.S. retailers to adapt by stockpiling more inventory, seeking closer suppliers, and reducing reliance on Chinese manufacturing to create more robust supply chains. Despite these measures, retailers are facing transport delays of two weeks or more as cargo ships are rerouted, with limited financial capacity to expedite shipments through alternatives like air freight. The conflict has also led Qatar, a major liquefied natural gas (LNG) exporter, to delay some of its shipments to Europe, causing supply reshuffles and at least six cargoes to be diverted around Africa. The shipping delays are generating supply-chain challenges across Europe's largest economies, increasing price pressures in the UK and prolonging delivery times in Germany and France. Italy has been directly impacted by the conflict, with a cancelled LNG cargo from Qatar to its largest LNG terminal, the Adriatic LNG terminal.
Qatar, one of the world’s biggest LNG exporters, is delaying some shipments to Europe as conflict in the Red Sea forces longer travel times https://t.co/upW2ayJSko via @business
Bloomberg: Qatar postpones liquefied natural gas shipments to Europe amid the Red Sea crisis
🚨🇮🇹Italy becomes the first country in Europe to see energy security directly affected by the ongoing fights in the Red Sea between US & UK navies and the Houthi rebels. An incoming LNG cargo from🇶🇦Qatar to the Adriatic LNG terminal, the largest in Italy, has been cancelled 🧵 https://t.co/JemJXU5VBk https://t.co/Tr79kU9j2V
Red Sea shipping disruptions are spawning supply-chain headwinds in Europe’s three largest economies, from rising price pressures in the UK to longer delivery times in Germany and France https://t.co/nSv4uFL9gT
#Qatar, one of the world’s biggest liquefied natural gas exporters, is delaying some shipments to Europe as conflict in the #RedSea forces longer travel times. https://t.co/lComVdMrWS
#Qatar Delays LNG Shipments to Europe Amid Red Sea Conflict Some in Europe may get late deliveries as supply is reshuffled At least six Qatari cargoes for Europe diverted around Africa https://t.co/Kw1Ql0aWCi
Qatar, one of the world’s biggest LNG exporters, is delaying some shipments to Europe as conflict in the Red Sea forces longer travel times https://t.co/493hTwWCTO
Faced with transport delays of two weeks or more as cargo ships are rerouted from the Red Sea, European and US retailers have limited financial wiggle room to splurge on workarounds like air freight that would get products into stores faster https://t.co/tdtJstxHww
Faced with transport delays of two weeks or more as cargo ships are rerouted from the Red Sea, European and US retailers have limited financial wiggle room to splurge on workarounds like air freight that would get products into stores faster. More here: https://t.co/eLiozOq6oj
⚠️ EUROPEAN, US RETAILERS ABSORB RED SEA SHOCK, WARY OF HIKING PRICES (Reuters) Carrying more stock, switching to suppliers nearer to consumers and reducing dependence on China are tactics European and U.S. retailers used to build more resilient supply chains following… https://t.co/mvVTwi5ujv
⚠️ EXPLAINER-WHAT DOES RED SEA DISRUPTION MEAN FOR EUROPE'S ECONOMY? (Reuters) Weeks of attacks by Iranian-backed Houthi militants on vessels in the Red Sea have disrupted shipping in the Suez Canal, the fastest sea route between Asia and Europe, carrying around 15% of global… https://t.co/FiESL03iXq