A year on from the Houthi’s first attack in the Red Sea, 110 commercial vessels have been attacked, with two ships sunk and four sailors killed. A consequence of these attacks and its effect on the global economy is a reported 270% increase on the total cost of shipping a container from Asia to Northern Europe.
Our latest spotlight report examines the disruption to the Red Sea shipping route, focusing on its effects on global supply chains, ship and crew safety, economic consequences, and environmental impact.