In recent weeks, we have seen in the news around the world, attacks on Europe-bound shipping lines in the Red Sea. As a result of these attacks by the Houthi rebels, 18 shipping companies have decided to avoid this transit and go around Africa via the Cape of Good Hope, increasing the journey by 10 days.
12% of world trade passes through the Red Sea. Therefore, due to the detour, transport prices have increased by 115% for maritime traffic. In addition to the price increase, there are the problems of delays and their impact on the lack of parts and materials in supply chains.
In the short to medium term Europe will suffer from price increases and destabilisation in the delivery of essential supplies.
