7 min listen
83. Precarious passage: Red sea ship attacks strain supply chains
83. Precarious passage: Red sea ship attacks strain supply chains
ratings:
Length:
11 minutes
Released:
Feb 15, 2024
Format:
Podcast episode
Description
This episode of The Weekly Tradecast looks at the impact on shipping, supply chains and trade from insecurity in the Red Sea with Jan Hoffman, head of UNCTAD's trade logistics branch.
About 80% of the world’s goods move by sea. But escalating attacks by Houthi rebels on ships passing through the narrow waters towards the Suez Canal have disrupted shipping routes and raised geopolitical tensions.
Red Sea shipping lanes carry around 15% of global trade but many ships have been diverted. UNCTAD estimates the trade volume going through the Suez Canal fell 42% over the last two months.
Without the Red Sea shortcut, longer routes between Asia and Europe add significant time and cost to shipments. That's fuelling fears of more shocks to the economy – with inflation still high and supply chains still shaky after disruptions during the pandemic.
Tune in to UNCTAD's Jan Hoffmann to find out more about the Red Sea disruptions and other threats to maritime trade from clogged shipping lanes and climate change.
About 80% of the world’s goods move by sea. But escalating attacks by Houthi rebels on ships passing through the narrow waters towards the Suez Canal have disrupted shipping routes and raised geopolitical tensions.
Red Sea shipping lanes carry around 15% of global trade but many ships have been diverted. UNCTAD estimates the trade volume going through the Suez Canal fell 42% over the last two months.
Without the Red Sea shortcut, longer routes between Asia and Europe add significant time and cost to shipments. That's fuelling fears of more shocks to the economy – with inflation still high and supply chains still shaky after disruptions during the pandemic.
Tune in to UNCTAD's Jan Hoffmann to find out more about the Red Sea disruptions and other threats to maritime trade from clogged shipping lanes and climate change.
Released:
Feb 15, 2024
Format:
Podcast episode
Titles in the series (92)
1. Going up: The human costs of rising prices: In the first episode of the Weekly Tradecast, UNCTAD Secretary-General Rebeca Grynspan talks about the global cost-of-living crisis triggered by the war in Ukraine and what can be done to help vulnerable countries and people who will suffer the most from... by The Weekly Tradecast by UNCTAD