News

Red Sea container shipping down 30% over attacks: IMF

By AFP

January 31, 2024 07:33 PM


 

Container shipping through the Red Sea has dropped by almost one-third this year as attacks by Yemen's Huthi rebels continue, the International Monetary Fund said Wednesday.

"Container shipping... has declined by almost 30 percent," said Jihad Azour, director of the IMF's Middle East and Central Asia department, adding that "the drop in trade accelerated in the beginning of this year."


AFP


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