Africa: The Red Sea Shipping Crisis Is Having a ‘Dramatic’ Impact, Warns Logistics Chief
[ad_1] Attacks against shipping in the Red Sea by Houthis are devastating for global trade and supply chains, already reeling under the impacts of the war in Ukraine and climate change-linked conditions in the Panama Canal, said UN trade and development body, UNCTAD, on Thursday. According to Jan Hoffmann, Chief of Trade Logistics at UNCTAD, the attacks are not only adding to geopolitical tensions but also raising costs and leading to increased greenhouse gases (GHG) emissions. "Maritime transport is really […]