The consequences of the war between Israel and Hamas are reverberating to the Red Sea. Faced with the escalating drone and missile attacks by the Iranian-backed Houthi movement, the world’s biggest shipping companies have suspended their crossings via the Suez Canal.
On December 15, Mediterranean Shipping Co. (MSC) announced a temporary halt, closely followed by Maersk, Hapag-Lloyd, and CMA CGM. These measures follow repeated attacks on ships.
This critical situation raises questions about the safety of shipping and its impact on world trade. Ships now have to use alternative routes, such as the Cape of Good Hope, resulting in delays and increased costs.
International trade is severely disrupted, with major implications for the global economy. 🌍
Do you think we can expect a rapid, positive resolution to this worrying situation in the short term?
To read the news ➡️ https://qz.com/the-worlds-biggest-shipping-companies-are-boycotting-th-1851107036