Red Sea Houthis attacks disrupt global supply chains
Global supply chains are facing severe disruption as a result of the world's biggest shipping companies diverting journeys away from the Suez Canal and the Red Sea. Attacks by Houthis in Yemen on commercial vessels have resulted in many firms deciding to avoid one of the world's busiest shipping lanes. US and UK naval forces in the Red Sea have now launched air strikes against Houthi rebel targets in Yemen in response to the attacks on shipping, a move which according to the US's own admission, has so far had no effect. Because of the attacks and the threat of future assaults, several of the world's largest shipping firms are diverting vessels away to a much longer route around South Africa's Cape of Good Hope and then up the west side of the continent. Can South Africa capitalise on this? We spoke to Chris Hattingh, Executive Director at the Risk Analysis Centre.
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