Houthi attacks on the Red Sea have forced shippers to avoid one of the world’s most crucial trade routes. The reason is the escalating tensions in the Red Sea, the shortest and most efficient trade route for ships moving from Asia to Europe. About 35 percent of about 7.5 million tonnes of production is shipped to Europe, North America, North Africa and the Middle East through the Red Sea. About 60 percent of the country’s shipments go through the Red Sea to countries including North Africa and Russia. “Now we are expecting the Red Sea crisis will prolong for a pretty long time,” said Sahai of the Federation of Indian Export Organisations.

Source: The North Africa Journal January 31, 2024 07:26 UTC