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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Report: 4 companies halted their operations in the Red Sea, representing 53% of global container tra

    Rocky
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    companies - Report: 4 companies halted their operations in the Red Sea, representing 53% of global container tra Empty Report: 4 companies halted their operations in the Red Sea, representing 53% of global container tra

    Post by Rocky Sun 17 Dec 2023, 7:40 am

    Report: 4 companies halted their operations in the Red Sea, representing 53% of global container trade

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    Economy News-Follow-up
    "The Economist" magazine revealed The 4 companies that suspended their operations in the Red Sea represent 53% of global container trade, speaking of a “maritime crisis,” against the backdrop of operations by the right-wing armed forces, which would “turn the war in Gaza into a global issue with implications for the economy.” "Global", as the magazine put it. 
    It was stated that the two companies, “Maersk”, And "Hapag-Lloyd" They temporarily suspended their services on December 15, and were followed the next day by "cma cgm" And "MSC", pointing out that small container operators, as well as dry bulk carriers and oil tanker companies, could follow suit. 
    The threat in the Red Sea and thus closing the Suez Canal route towards Europe, would raise trade costs, with shipping being redirected around Africa, taking more time, and increasing insurance premiums, according to what the magazine explained.
    She added that large-scale redirection of trade would create bottlenecks in the supply chain in the short term. 
    It is likely that the "security crisis" In the Red Sea it threatens shipping in the neighboring Arabian Sea, through which perhaps a third of the world's seaborne oil supplies pass, and thus the economic costs will rise  significantly.
    The magazine concluded that the repercussions of the ship traffic crisis in the Red Sea on the global economy is the reason for the tendency of the United States and its allies to take action, stressing that the threat of the Yemeni armed forces is “difficult and complex.” 
    She pointed out that the level of complexity of some of the weapons used is high. In this context, the International Institute for Strategic Studies admitted that these forces possess a giant arsenal of anti-ship missiles, including missiles with a range of up to 800 kilometers. 
    The magazine stated that a multinational fleet led by the US Navy is trying to keep the crisis under control, but Yemen has proven that “it is always likely that some drones and missiles will succeed in reaching their targets,” as acknowledged by “The Economist.” 
    Although these naval forces resorted to the idea of ​​providing armed escort for commercial shipping, which the United States resorted to in the 1980s, these operations require intensive resources and require a very large number of warships, according to participating naval sources obtained by the magazine. 
    If the solution in the Red Sea is “to strike Sanaa and its missile arsenal and launch pads,” then Washington is “unwilling to expand the scope of its intervention in the Middle East,” on the one hand, according to the magazine, which continued: On the other hand, “Israel” ; It does not want a new conflict, in light of the concern over Hezbollah in Lebanon, and in light of American pressure not to continue the aggression against Gaza. 
    Yesterday, the head of the Sanaa negotiating delegation, Muhammad Abdel Salam, announced “continuing communication with international parties under the auspices of the Sultanate of Oman regarding the Red Sea operations,” stressing that Yemen’s position with Gaza is not subject to bargaining and “we will not stand idly by.” In light of the continued aggression against Gaza. 
     
    The Yemeni armed forces announced that they were carrying out a series of military operations, including targeting ships in the Red Sea that were heading towards the Israeli entity, and detaining an Israeli ship, in addition to launching ballistic and cruise missiles. The drones were flying in the southern direction of the occupied Palestinian territories, in support of the Palestinian people and their resistance, stressing that their operations would continue until the Israeli aggression on Gaza stopped.
    The Yemeni Armed Forces stressed their full commitment to the continuation of global trade movement through the Red and Arabian Seas for all ships and all countries except for ships linked to Israel, and this came in a statement dated December 9 of this year. 


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