Suez Canal news and archive

Shipping giants carefully navigate Red Sea Route again

German and Danish shipping giants Hapag Lloyd and Maersk announced in a routing update yesterday that they would resume services through the Red Sea route, effective immediately. This affects specifically their SE3 service, which is the gateway to Europe from China via the Middle East. SE3 starts from Qingdao in China or Kwangyang in South Korea...

Member

Business

Mapped: the impact of the West Asia crisis on global textile trade routes

The ongoing West Asia crisis has thrown open the extreme vulnerability of supply chains, including those of the garment and textile industry. FashionUnited has taken a look at why the Strait of Hormuz and the Bab-el-Mandeb Strait are such “jugular veins” of the textile trade between Asia and the West and what it means in terms of shipping times,...

FeaturedMember

Business

How the West Asia crisis is putting a tax on every garment moving east to west

The garment industry, a sector famously built on the “just-in-time” philosophy and razor-thin margins, is currently navigating one of its most complex periods of structural volatility. The West Asia crisis has evolved quickly from a regional concern into a systemic chokehold on global textile flows. The escalating conflict in the Middle East is...

FeaturedMember

Business

Tensions on the Red Sea and in transport: Fashion is one of the most affected sectors

The cost of rent has doubled and transport times have increased considerably. The tensions surrounding the Red Sea in connection with the attacks by the Houthi Rebels are having an impact on the national and European economic system. A survey by the Italian business association Confcommercio has highlighted the impact of the crisis in the Red...