Global trade ‘drops 1.3%’ as Red Sea attacks disrupt shipping business live

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From 3h ago 04.48 EST Global trade drops 1.3% as Red Sea attacks disrupt shipping Global trade dropped by 1.3% in December as the Houthi attacks on merchant ships in the Red Sea disrupted operations, new data shows. IfW Kiel, the German economic institute, has reported that the volume of containers transported in the Red Sea has plummeted by more than half and is currently almost 70 percent below the usual volume. According to Kiel, shipments in the Red Sea have fallen to around 200,000 containers per day, down from around 500,000 containers in November. A chart showing daily freight...