UNITED NATIONS (AP) — The U.N. trade body sounded an alarm Thursday that global trade is being disrupted by attacks in the Red Sea, the war in Ukraine, and low water levels in the Panama Canal.
Since November, the Iranian-backed Houthis have launched at least 34 attacks on shipping through the waterways leading to the Suez Canal.
Total transits through the Panama Canal in December were 36% lower than a year ago, and 62% lower than two years ago, Hoffmann said.
Hoffmann said ships transporting liquified natural gas have stopped transiting the Suez Canal altogether because of fears of an attack.
“Here you see the global impact of the crisis, as ships are seeking alternative routes, avoiding the Suez and the Panama Canal,” Hoffmann said.
Persons:
Jan Hoffmann, Yemen’s Houthi, Hoffmann, Yemen’s, ” Hoffmann
Organizations:
UNITED NATIONS, United Nations Conference, Trade, UNCTAD, Suez, U.N, Ships
Locations:
Red, Ukraine, Panama, Suez, Asia, Europe, Iranian, Saudi, Israel, United States, Britain, Geneva, Russia, East Africa, South Asia, Southeast Asia, East Asia, Hope, Africa, Shanghai, U.S