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Top 8 Industries Affected by The Red Sea Crisis in January 2024

Resilinc

The latest updates on shipping delays in the Red Sea in January 2024, including which businesses and industries have been impacted. This response is driven by ongoing threats to crew and cargo safety, necessitating the rerouting of ships around the Cape of Good Hope, resulting in substantial delays and escalated shipping costs.

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Interoceanic Passages

Abivin

Passages, capes, and straits are defined as geographical areas through which international shipping routes must transit. Chokepoints commonly have shallow, constricting depths, which hinder navigation and place restrictions on ship capacity. Potential for closure or interruption. It is approximately 190 kilometers long.

Panama 52
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December 19, 2023 Update

Freightos

In response, the US Department of Defense announced the launch of Operation Prosperity Guardian which will work alongside existing navy assets in the region to address the Houthi threat and will include support from the United Kingdom, Bahrain, Canada, France, Italy, Netherlands, Norway, Seychelles and Spain. Asia – N. China – N.