A survey by the British Chambers of Commerce reveals that most UK exporters and retailers are facing disruptions and increased costs due to attacks by Iran-backed Houthi rebels in the Red Sea. Shipping costs have surged by up to 300%, causing delays of up to four weeks. The conflict has led to a drop of over 40% in traffic through the Suez Canal, with Maersk warning that the situation could persist into the second half of the year.
Maersk warns Red Sea disruptions could last into second half of year https://t.co/bRA13rqIFE https://t.co/4MvMCRnILa
MAERSK - "BE PREPARED FOR THE RED SEA SITUATION TO LAST INTO THE SECOND HALF OF THE YEAR"
Most UK exporters hit by Red sea crisis – survey Attacks on ships by Yemen’s Houthi rebels have caused a surge in costs and lengthy delays https://t.co/v6y0uNW7yf https://t.co/eWSv3AhEUS
The cost of shipping from Asia to Europe has increased by 300% for British companies due to Yemen's blockade of the Red Sea. According to a survey by the British Chamber of Commerce, logistical delays have increased delivery times by three to four weeks. Such delays cause cash… https://t.co/L7WiwtS4HA
Red Sea turmoil has sent shipping costs surging 150%, which will push inflation higher, Fitch says https://t.co/L6KMuo3WN2
Several months into the conflict in the Red Sea, traffic through the Suez Canal has dropped > 40% (revenue -50%). The cost increases are likely to accelerate, as they were initially offset by spare capacity in the shipping-freight industry (per British Chamber of Commerce). In…
Recent attacks on cargo ships by Iran-backed Houthi rebels have affected British retailers and exporters, with more than half feeling the impact. https://t.co/tNm0gB30zC
⚡️BREAKING The shipping costs from Asia to Europe have surged by up to 300% for UK companies due to Yemeni blockade of the Red Sea According to a survey by the British Chambers of Commerce, logistical delays have extended delivery times by three to four weeks. Such delays… https://t.co/o33qVMTNIv
More than half of UK export firms have been affected by the disruption to shipping in critical routes in the Red Sea @gracegausden93 reports https://t.co/Em3tdRHmaX
Over half of UK exporters face disruption from Houthi attacks in the Red Sea, according to an influential business survey https://t.co/hCkb6uVEv1 https://t.co/8bb8RCYQ2n
More than a third of the firms surveyed by the British Chambers of Commerce say they're facing higher shipping costs and delays of up to four weeks due to Houthi attacks in the Red Sea (BBC) https://t.co/GZQ1DjsYjJ
Red Sea attacks delaying goods and pushing up costs, firms say https://t.co/B2t5cGKkr3
More than half of UK retailers affected by Houthi disruption, survey shows https://t.co/ksiGaWuzJf
Most UK exporters hit by Red Sea disruption, survey shows https://t.co/AgGk7l7PZ9 https://t.co/Zhx6VliZpE
⚠️ MOST UK EXPORTERS HIT BY RED SEA DISRUPTION, SURVEY SHOWS Full Story → https://t.co/FDyn2n13KS