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     • With 30% of global container trade transiting through the Suez Canal, the Red Sea shipping crisis is upending supply chains. It is also increasing shipping costs, causing the prices of some routes — particularly from Asia to Europe — to surge nearly five-fold.
     www.jpmorgan.com/insights/global-research/supply-chain/red-sea-shipping

     The Impacts of the Red Sea Shipping Crisis | J.P. Morgan

2. People also ask

   How will the Red Sea crisis affect shipping and supply chains?

   • While the full impact of the Red Sea crisis on shipping and global supply chains is yet to be seen, businesses and shipping lines are trying, as far as possible, to mitigate the potential logistics ramifications of the crisis.

   The Red Sea Crisis: ramifications for vessel operations, shipping

   link.springer.com/article/10.1057/s41278-024-00287-z

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   Why is the Red Sea shipping crisis affecting the Suez Canal?

   • The Red Sea shipping crisis — a result of Houthi rebel attacks on cargo ships and tankers — is causing hundreds of vessels to avoid the Suez Canal, one of the world’s most important waterways.

   The Impacts of the Red Sea Shipping Crisis | J.P. Morgan

   www.jpmorgan.com/insights/global-research/supply-chain/red-sea-shipping

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   How will the Red Sea crisis affect container lines?

   • Container lines have been left scrambling to rent enough ships for the lengthened journeys their vessels must now take to avoid the Red Sea, and there are fears that the crisis could have widespread economic impacts, pushing up prices of goods and delaying deliveries of high-value products by weeks or perhaps even longer.

   Red Sea crisis: What it takes to reroute the world's biggest ... - BBC

   www.bbc.com/future/article/20240119-red-sea-crisis-how-global-shipping-is-being-rerouted-out-of-danger

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   How will the Red Sea impact global trade?

   • The Red Sea situation has created a complex web of challenges for global trade, from increased transit times and capacity strains to higher costs and uncertainty. No one knows how long it will take for the effects of Red Sea shipping disruptions to ease, and how long a return to ‘normal’ could take.

   The ongoing ripple effects of Red Sea shipping disruptions

   www.maersk.com/insights/resilience/2024/07/09/effects-of-red-sea-shipping

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   Is the Red Sea crisis a delaying factor?

   • It is highly likely that the Red Sea crisis will prove to be merely a delaying factor in the growing overcapacity situation in liner shipping. In other words, the global container market is getting so heavily oversupplied with new vessels that there is ample room to cover the current scale of the Red Sea disruptions.

   The Red Sea Crisis: ramifications for vessel operations, shipping

   link.springer.com/article/10.1057/s41278-024-00287-z

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   How does shipping affect the Red Sea?

   • While higher-value shipping is most impacted with diversions to the Cape of Good Hope caused by skyrocketing insurance rates, lower-value shipping—bulk carriers—are still transiting the Red Sea.

   The Global Economic Consequences of the Attacks on Red Sea Shippin…

   www.csis.org/analysis/global-economic-consequences-attacks-red-sea-shipping-lanes

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3. www.maersk.com › 07 › 09The ongoing ripple effects of Red Sea shipping disruptions

   www.maersk.com › 07 › 09

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   Jul 9, 2024 · Over six months have passed since the Red Sea tensions began, and the ripple effects on maritime shipping and global supply chains have intensified. Ships continue to be temporarily diverted around the Cape of Good Hope, significantly increasing transit times and operational costs.

4. Videos

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     Impact of Red Sea crisis on shipping costs & rates | UNCTAD | United Nations

     27 Jan 2024

     4.4K views

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     1:53

     reuters.com

     Shipping firms respond to Houthi attacks in Red Sea

     18 Dec 2023

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     8:38

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     How Red Sea tensions affect global shipping industry and consumers

     12 Jan 2024

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5. www.bbc.com › future › articleRed Sea crisis: What it takes to reroute the world's biggest ...

   www.bbc.com › future › article

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   Jan 21, 2024 · Hundreds of cargo ships are being rerouted around the southern tip of Africa to avoid Houthi attacks in the Red Sea. But just how easy is it to divert the world's biggest ships? You can see...

6. blogs.worldbank.org › en › developmenttalkNavigating troubled waters: The Red Sea shipping crisis and ...

   blogs.worldbank.org › en › developmenttalk

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   May 16, 2024 · The Red Sea, a critical conduit for 30% of the world's container traffic, is currently facing a shipping crisis of unprecedented scale. The New Brief, first of a new series analyzing recent economic and social developments and special issues in Fragile, Conflict, and Violence (FCV) situations in the Middle East and North Africa (MENA), explores ...

7. news.un.org › en › storyThe Red Sea shipping crisis is having a ‘dramatic’ impact ...

   news.un.org › en › story

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   Jan 25, 2024 · 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...

8. link.springer.com › article › 10The Red Sea Crisis: ramifications for vessel operations ...

   link.springer.com › article › 10

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   Feb 20, 2024 · While the full impact of the Red Sea crisis on shipping and global supply chains is yet to be seen, businesses and shipping lines are trying, as far as possible, to mitigate the potential logistics ramifications of the crisis.

9. www.csis.org › analysis › global-economicThe Global Economic Consequences of the Attacks on Red Sea ...

   www.csis.org › analysis › global-economic

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   Jan 22, 2024 · The CSIS Scholl Chair in International Business and Middle East programs break down the geopolitical underpinnings of the ongoing Houthi attacks on commercial shipping lanes in the Red Sea and analyze their meaning for global trade.