red-sea-gulf-of-aden

BIMCO: Red Sea, Gulf of Aden Cargo Down 21%

Cargo volumes to and from ports in the Gulf of Aden and Red Sea during the first seven months of 2024 declined 21 percent compared to the year-earlier period, according to BIMCO the international association for shipowners.“The number of ships arriving in these ports significantly declined as merchant shipping increasingly avoided transiting through the region due to concerns over attacks on ships by the Houthis,” said Niels Rasmussen, chief shipping ... [+]