Middle East (Red Sea Conflict)

[winston]

Red Sea Woe Already More Disruptive to Supply Chain than Covid: Ocean Supply Chain Consultant

Sea-Intelligence, a marine supply chain consultancy, forewarned that the disruption to shipping triggered by the Houthi armed attacks in the Red Sea, is already causing more damage to the supply chain than in the early days of the Covid pandemic, CNBC reported.

The company's analysis of client reports of shipping delays over the past few years suggested that the impact of vessels diverted to the Cape of Good Hope on ship supply was greater than that during Covid outbreak, second only to the impact of the March 2021 incident in which the cargo ship Ever Given aground in the Suez Canal for six days.

Source: AAStocks.com

http://www.aastocks.com/en/stocks/news/ ... -news/AAFN

[winston]

Red Sea unrest is bad news for world’s fragile food supply

Chaos in the Red Sea is starting to disrupt shipments of produce from coffee to fruit — and threatening to halt a slowdown in food inflation that brought some relief to strained consumers.

Unlike gas, oil and consumer goods cargoes that have also been affected, lengthier shipping times risk making perishable foods unsellable.

Italian exporters fear kiwi and citrus fruits will spoil on the way, Chinese ginger is getting pricier and some African coffee cargoes were briefly delayed. Grain is being diverted from the Suez Canal and a livestock carrier bound for the Middle East has changed course.

The shipping issues are also a concern for Europe’s exports of products like pork, dairy and wine, as well as imports of tea, spices and poultry.

UK grocery giant Tesco Plc has warned that shipping disruptions could lead to inflation on some goods and J Sainsbury Plc is working with the government to cope with delays.

Fresh ginger prices have jumped more than a third since December.

Source: Bloomberg

https://theedgemalaysia.com/node/697933

[behappyalways]

Missing Seals Were On Secret Mission That Intercepted Iranian Missile Components Bound For Houthis
https://www.zerohedge.com/military/miss ... nd-houthis

[behappyalways]

Houthis Declare Safe Passage For All Russian, Chinese Ships In Red Sea
https://www.zerohedge.com/geopolitical/ ... ps-red-sea

[behappyalways]

Saudi Tankers Given Passage Through Red Sea By Houthis, Alongside Russia & China
https://www.zerohedge.com/energy/saudi- ... ssia-china

[behappyalways]

Houthis Have Knocked Out Several Undersea Internet Cables: Report
https://www.zerohedge.com/geopolitical/ ... les-report

[behappyalways]

Houthis Reassure Russia, China On Red Sea Transit In Exchange For Political Support
https://www.zerohedge.com/geopolitical/ ... al-support

[behappyalways]

'Surprising' Intensity Of Houthi Attacks Push French Warship To Exit Red Sea
https://www.zerohedge.com/geopolitical/ ... it-red-sea