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Red Sea Attacks | Rise in shipping costs and supply chain issues

Friday 12 January 2024 - 07:58am
File: Commercial ships and an Israeli naval vessel are seen in the port city of Haifa, Israel, along the coast of the Mediterranean Sea on December 21, 2023, after the United States announced its plans to establish a multinational coalition to protect cargo ships sailing through the Red Sea from attacks by Yemen's Iran-backed Houthi group.

File: Commercial ships and an Israeli naval vessel are seen in the port city of Haifa, Israel, along the coast of the Mediterranean Sea on December 21, 2023, after the United States announced its plans to establish a multinational coalition to protect cargo ships sailing through the Red Sea from attacks by Yemen's Iran-backed Houthi group.

 

 

JOHANNESBURG - British Prime Minister Rishi Sunak defends the joint operation with the US against Houthi rebels in Yemen, over their recent attacks on Red Sea shipping.

This follows widespread concerns around the attacks in the Red Sea and their effect on shipping costs, supply chain issues and delays.

US, UK air strikes pound Yemen after weeks of Red Sea attacks

This is due to the recent Houthi rebel attacks on container ships, and high value carriers passing through the Red Sea.

Shipping companies have been forced to re-route more than $200bn dollars in trade over the past several weeks.

How bad is this for business, and does this mean the Cape Town harbor is busier than ever?

eNCA spoke to Andrew Hendrikse, Managing Director for Servest Marine

 

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