The Suez Canal And Red Sea concerns hit shipping, trade

After Maersk and Hapag-Lloyd announced yesterday that all their ships would stop passing through the Red Sea, MSC, the world's largest container liner company, and CMA CGM, the world's third largest container liner company, also officially announced that they would stop all their ships from passing through the Red Sea!

According to the latest information, all ships must avoid the Suez Canal and the Red Sea and instead sail around the Cape of Good Hope.

The Red Sea is one of the world's most important transportation routes for oil and fuel.The Houthis have been stepping up their attacks recently, frequently using drones and rockets to attack foreign ships.The situation in the region has become "very serious"!