More than a third of the firms surveyed by the British Chambers of Commerce (BCC) said British firms are facing higher shipping costs and delays of up to four weeks due to the Houthi rebel attacks in the Red Sea.
According to the survey by BCC, the cost of shipping a container from Asia to Europe has increased by up to 300% for some businesses, and logistical delays have added up to three to four weeks to delivery times.
Most UK Exporters Hit by Red Sea Disruption
(Photo : BEN STANSALL/AFP via Getty Images)Stacks of containers are pictured at the UK’s largest freight port, in Felixstowe on the East coast of England, on January 27, 2024. Hundreds of cargo ships and tankers are being rerouted around the southern tip of Africa to avoid Houthi attacks in the Red Sea. The Houthis began targeting Red Sea shipping in November, saying they were hitting Israeli-linked vessels in support of Palestinians …
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