Red Sea, Panama Canal issues are worse than people realize, expert says
Check out what’s being clicked on FoxBusiness.com Logistics experts say the problems affecting global trade, particularly the Houthi attacks in the Red Sea and the Panama Canal drought, are far more serious than many realize. The disruption could be widespread and could lead to further product delays in the U.S. over the coming months as […]
Freight Through Suez Canal Down 45% After Houthi Attacks
The United Nations Conference on Trade and Development (UNCTAD) reported on Thursday that the volume of cargo passing through the Suez Canal has fallen by 45% in two months due to persistent attacks on Red Sea shipping by Iran-backed Yemeni terrorist group Houthis. . Anctad Said Ships passing through the Suez Canal have fallen by […]
U.N. Warns Global Trade Being Strangled by Red Sea Attacks, War in Ukraine, and Low Panama Canal Water Levels
The United Nations warned consumers around the world on Friday to prepare to start paying more for almost everything, if they haven't already started. The grim prediction was that attacks in the Red Sea, the war in Ukraine, and the declining waters of the Panama Canal would disrupt global trade, and that the increased on-costs […]