Shipping supply snarls Amid a series of attacks o
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Posted On: 12/21/2023 5:55:06 AM
Shipping supply snarls
Amid a series of attacks on vessels by Houthi militants from Yemen, BP’s the latest firm to halt shipment across the Suez Canal. BP
joins shipping giants MSC, Hapag-Lloyd, CMA CGM and Maersk
in suspending travel through the Red Sea. Oil prices rose more than 1% as those stoppages raised concerns of a disruption to the global supply chain — avoiding the Suez Canal adds up to 14 days to a shipping route.
Amid a series of attacks on vessels by Houthi militants from Yemen, BP’s the latest firm to halt shipment across the Suez Canal. BP
joins shipping giants MSC, Hapag-Lloyd, CMA CGM and Maersk
in suspending travel through the Red Sea. Oil prices rose more than 1% as those stoppages raised concerns of a disruption to the global supply chain — avoiding the Suez Canal adds up to 14 days to a shipping route.
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