Red Sea container shipping has declined by almost 30% due to ongoing Houthi attacks, impacting global shipping routes and retail supply chains. The IMF and experts have noted the wider impact, with increased shipping times and freight rates. Saudi Arabia has increased North Red Sea oil exports to avoid chaos in the South, doubling shipments from the Muajjiz terminal in January, as tankers avoid the southern Red Sea due to the attacks.
Saudis Boost North Red Sea Oil Exports to Avoid Chaos in South Shipments from Muajjiz terminal more than doubled in January Tankers are avoiding southern Red Sea after Houthi attacks #oott https://t.co/KT15Cbyk4c
Red Sea attacks increase shipping times and freight ratesĀ #oott https://t.co/Mkff2XEtar
Red Sea container traffic down almost 30%, says @IMFNews. Experts Liam Burke of @BRileyFinancial & @dpantojanavajas of @awscloud weigh the wider impact - my story for @MarketWatch #RedSea #IMF #AWS https://t.co/kTPYonh290
Red Sea Container Shipping Declined By Nearly 30% Over Houthi Attacks: IMF https://t.co/pjT7918o3K https://t.co/lpyjnaHwdZ
Red Sea container traffic is down almost 30% amid Houthi attacks, says IMF, as experts weigh wider impact https://t.co/Oi7vh8idHP
NEW: Red Sea container shipping down 30% over attacks: IMF https://t.co/ZLqHd7LnKv
Red Sea crisis alters global shipping routes, impacts retail supply chains https://t.co/651GWaVGww https://t.co/0a4llFb9rf
#BREAKING Red Sea container shipping down almost 30% this year as Huthi attacks continue: IMF https://t.co/bdj8OkuqoX
Energy traders, shippers grapple with Red Sea fallout https://t.co/AW19vp4T4e https://t.co/SWLWnfjq0D