22 C
New York
Sunday, October 13, 2024

Saudi official: The Red Sea is an essential artery for global trade

Saudi official: The Red Sea is an essential artery for global trade

He added that Red Sea Recently, it has been experiencing influential disturbances with local, regional and global repercussions, which have cast a shadow over maritime shipping costs, as they have doubled by more than 200 percent.

Al-Rumaih pointed out some obstacles and impacts due to these disturbances, such as delays in the passage of ships through Suez Canal Which may extend to two weeks, which increases the cost and negatively affects the environment.

This came during a dialogue session entitled “The flexibility of logistics services in the face of turmoil in the Red Sea region,” within the sessions of the World Logistics Forum 2024 in the capital. Riyadh.

The participants in the session touched on the effects of the unrest in the Red Sea region, stressing that these crises are not limited to the Suez Canal, but rather affect global supply chains, causing noticeable delays in the arrival of goods to the ports, an increase in the use of fuel, and thus an increase in costs. and negative environmental impacts, drawing attention to the importance of the lessons learned from these disturbances, international cooperation to explore effective solutions, and plans to ensure the flexibility of logistical services to confront any disturbance that may affect global maritime trade lines in general.



Source link

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles