The American Apparel & Footwear Association said the U.S. should do more to protect Mideast shipping as attacks on vessels spur “unsustainable” higher costs and delays.
An extensive study by a U.N. panel found that Yemen’s Houthi rebels are taking in as much as $180 million a month in protection money from shipowners.
Alone among major liner operators, CMA CGM of France has maintained scheduled voyages between Asia, the Mediterranean and North America ports via the turbulent Red Sea.
Russia conveyed Iranian data to help Houthi rebels in Yemen attack commercial shipping in the Red Sea.
Ongoing attacks on vessels in the Red Sea by Yemen’s Houthis continue to disrupt shipping lanes in the chemical industry’s supply chain.
Rates are still high and ships are still rerouting, but global supply chains appear to be adjusting to restricted Red Sea trade.
As the Houthis disrupt Red Sea trade, we’re seeing how fragile our supply chains are (again).
