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Showing posts from December 21, 2023

Exporters are investigating cargo aircraft as a means of escaping the worsening Red Sea congestion.

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 Exporters are investigating cargo aircraft as a means of escaping the worsening Red Sea congestion. Written by Corina Pons, Helen Reid, and Jonathan Saul                                                                                      Source reuters.com December 20, LONDON/MADRID (Reuters) - Due to a spate of attacks in the Red Sea, exporters are frantically trying to find other air, land, and sea routes to bring toys, clothes, tea, and car parts to shops. This chaos is affecting freight supply networks worldwide. Since November 19, Iran-backed Houthi terrorists in Yemen have increased their attacks on ships in the Red Sea as a show of support for Hamas amid Israel's military campaign in Gaza. A vital commercial route that uses the Suez Canal to connect Europe, North America, and Asia has been hampered by the attacks. As businesses look to transfer goods via alternate, frequently longer ocean routes, container shipping costs have increased—more than tripling in some cases. Acc