Cargo traffic through the Suez Canal fell by 45% in two months of Houthi attacks – Kommersant
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The volume of cargo traffic through the Suez Canal has decreased by 45% since the beginning of attacks by Yemen’s Houthis on ships in the Red Sea, Reuters reports, citing data from the United Nations Conference on Trade and Development (UNCTAD). The number of ships passing through the Suez Canal in two months fell by 39%.
The head of the UNCTAD trade logistics department, Jan Hoffmann, announced violations in three main routes for global trade. We are talking about interruptions in the supply of grain and oil that arose after the outbreak of the military conflict between Russia and Ukraine, as well as transportation through the Panama Canal. Due to low water levels as a result of the drought, shipping on this route was down 36% year-on-year in December and down 62% compared to 2022 levels.
Yemen’s Houthis, following the outbreak of war between Israel and the Palestinian Hamas movement, said they intend to fire at ships in the Red Sea that they believe are associated with Israel. In January USA and UK started strike Houthi positions in Yemen. Due to security threats, a number of oil and gas companies and oil carriers, in particular Shell, QatarEnergy And Kuwait Oil Tankersuspended transportation in the Red Sea for an indefinite period.
About the situation in the region – in the material “Kommersant” “The US is looking for approaches to the Houthis”.
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