shipping

Bab al-Mandeb shipping traffic revealed

The number of commercial vessels passing through the Bab el-Mandeb Strait reached 408 after the Ansar Allah rebel movement (the Houthis) took control of adjacent areas of Yemen, the Ministry of Transport and Public Works in the Houthi-formed government said.

Maritime shipping costs surge to record highs due to conflicts

Conflicts and climate change have led to a sharp rise in the cost of maritime and river transportation along key routes, including the Panama Canal, the Rhine, and the Red and Black Seas, the Financial Times reported, citing analysts.

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