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Attacks by Houthi rebels in the Red Sea have led to significant disruptions in global trade and shipping. The attacks have caused a plunge in Egypt's Suez Canal revenue, a decrease in oil tanker transits, and a rerouting of container ships. This has resulted in increased shipping times, freight rates, and transportation costs, impacting the global supply chain and leading to a rise in oil supply costs. Major shipping firms have decided to avoid the Red Sea, leading to a pivot towards logistically easier cargoes and alternative routes. The risk of collateral damage to other ships from the attacks has also been highlighted, causing concerns for vessels passing through the region.
The risk of collateral damage from an attack on merchant shipping means that all vessels passing through the Red Sea and Gulf of Aden could be struck by Yemen’s Houthi rebels, according to the latest advice to vessels sailing through the region. #oott https://t.co/9OUs8ht1Xj
The most recent guidance to vessels sailing through the Red Sea highlighted the risk of collateral damage to other ships from attacks by Houthi rebels https://t.co/Oeu1VGypsc
Attacks in the Red Sea provoked an increase in oil supply costs Yemen's Houthi attacks on foreign ships in the Red Sea have increased risks and oil carriers have taken longer, more complex routes, driving up shipping costs. This limits the capabilities of oil refineries and… https://t.co/d4Ppc1bFYx
“Transportation impacts of the Suez Canal, due to unrest in the Red Sea and the issues at the Panama Canal are impacting both costs and schedules for the transport of global goods.” https://t.co/PnMgz6SE5b
The supply-chain price spike is here: “Transportation impacts of the Suez Canal, due to unrest in the Red Sea and the issues at the Panama Canal are impacting both costs and schedules for the transport of global goods.” - ISM Respondent
How have Red Sea Attacks by Yemen’s Houthi Fighters Affected Companies? #globalrisk https://t.co/tSsHLxq0zD
The global exports recovery faces an obstacle in the Red Sea https://t.co/jZQBhe4JCP via @bbgvisualdata
Houthi attacks in the Red Sea have forced container ships sailing between Europe and China to reroute around the Cape of Good Hope. Why has China stayed on the sidelines of this crisis? https://t.co/DCIQTvWpDN 👇
Global rice shortage, India’s export woes to worsen amid Red Sea attacks https://t.co/rEHH248J2X
The Houthi rebel attacks on vessels in the Red Sea have spurred burgeoning interest in alternative routes such as the China-Europe rail route that runs through Russia’s Far East - CNBC https://t.co/Jkny2ydL5U https://t.co/eulU4mlYG4
Attacks by Yemen's Houthis in the Red Sea have forced commercial vessels to change route, causing major disruptions in companies’ chains of production. 🔗: https://t.co/l3it0C4h27 https://t.co/MHHPU9MQUH
Oil tanker transits through the Suez Canal were down 23% in January compared with November. The drop was even more pronounced for liquefied petroleum gas and liquefied natural gas, which fell 65% and 73%, respectively. -Kpler via BBG https://t.co/v2v7JnfOqF
#Egypt’s #SuezCanal revenue plunged by almost half in January, a top official says, after attacks by Yemeni militants on #RedSea vessels forced major shipping firms to avoid the waterway. https://t.co/lKuuwAlzU8
Egypt’s Suez Canal revenue plunged by almost half in January after attacks by Yemeni militants on Red Sea vessels https://t.co/CwFUNSaWFT
Red Sea Danger Is Spurring Global Oil Buyers to Go Local Attacks in waterway leading to major changes in energy flows Pivot toward logistically easier cargoes makes sense: Kpler #oott https://t.co/Zdc0bsrBxt
Chinese Navy Escorting Commercial Cargo Ships in #RedSea This comes as many cargo shipping companies have decided to avoid the globally important trade passage because of attacks from #Houthi rebels https://t.co/X4FBSGWn9v
Red Sea attacks increase shipping times and freight rates (U.S. Energy Information Administration) https://t.co/EXR7mMD8sO