The Deepening Red Sea Shipping Crisis
世界银行·2025-02-10 23:03
Public Disclosure Authorized Issue #2 | February 2025 Summary: The Red Sea crisis has emerged as a critical flashpoint of the conflict in the Middle East, upending global trade and maritime transport, port activity in the MENA region, and ecological balance of the Red Sea. By end-2024, about a year after the onset of the crisis, vessel traffic through the strategic Suez Canal and Bab El-Mandeb Strait—which used to carry 30 percent of world container traffic—had plummeted by three-fourths, forcing ships to d ...