Peace, Prosperity And Ocean Conservation Of The Indian Ocean Region.
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Longer disruptions at Red Sea trade route may hurt auto, electronics production: GTRI
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Red Sea shipping crisis to affect global trade, warns UNCTAD
The United Nations Conference on Trade and Development (UNCTAD) has raised alarm over the disruption in global trade due to the ongoing crisis in the Red Sea shipping route stating that it would “particularly” hurt developing nations and warned that it is impacting global food prices with longer cargo travel distances and higher freight rates potentially leading to higher costs.
Global trade drops 1.3% on Red Sea attacks
Red Sea shipping turmoil leads to a drop in European goods trade
Red Sea Crisis Exposes a Weak Point of Global Maritime Trade
The Houthi movement, a Shia militant group backed by Iran in Yemen’s civil conflict against Saudi Arabia and its allies, asserts its focus is on targeting vessels associated with Israel and its allies to pressure a termination of the Gaza war. The stance has led to numerous commercial ships being attacked or delayed in the crucial maritime passage stretching from the Suez Canal in Egypt through the Red Sea and Bab al-Mandab strait, prompting intervention from Western countrie
Sri Lanka to deploy Navy ship on Red Sea amidst rising Houthi threats
Colombo, Jan 04 (Daily Mirror) – President Ranil Wickremesinghe said a decision has been taken to deploy a ship from the Sri Lanka Navy on the Red Sea area, contributing to the security of the region against Houthi activities