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

Resilinc

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. East Coast ports, even though most cargo from Asia to the East Coast typically travels across the Pacific and through the Panama Canal.

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Interoceanic Passages

Abivin

In reality, appointment and price systems must be used to control capacity for interoceanic canals like the Panama and Suez. The four most significant interoceanic passes in the globe are the Strait of Hormuz, the Strait of Malacca, the Suez Canal, and the Strait of Panama. Potential for closure or interruption. meters in 2001.

Panama 52