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Red sea container crisis to hit exports
Credit: IndiaTimes- Published on January 26, 2024
A container crisis in the Red Sea is causing a shortage of containers at ports, which has the potential to disrupt India's exports to Africa and Latin America. Exporters are requesting leasing companies and shipping lines to move containers from the east to the west. The crisis is expected to impact exports of petroleum,...
Video credit: Oneindia
Published on January 28, 2024 - 02:36
Houthi Attacks on Shipping Cause Concern in Europe as Fresh Food Supplies Hit a Snag| Oneindia News
The Red Sea crisis, marked by Houthi missile attacks on container vessels, is causing significant disruptions to the food trade. Shipping route alterations and delays of up to three weeks for transport to Europe, coupled with rising container costs, pose risks to a range of product categories, threatening market competitiveness and impacting perishable goods worth billions of euros.
#RedSea #Europe #HouthiCrisis #Eurozone #FoodCrisis #Euronews #Worldnews #Oneindia #Oneindianews
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