Friday, December 8, 2023

Attacks in Red Sea May Drive Up Chinese Shipping Costs

 Nikkei Asia published on 6 December 2023 an article that appeared originally in Caixin titled "Chinese Auto Exporters Face Costly Detour after Red Sea Attacks" by Li Rongqian and Wang Xintong.  

Recent attacks on Red Sea shipping by Houthi rebels in Yemen could force Chinese cargo ships to reroute around the Cape of Good Hope, significantly increasing the cost and time of Chinese exports and imports.