![](https://i.imgur.com/CLvY2jA.png")
This is just the starting.
The global container trading and leasing platform added that the 193km Suez Canal that connects the Red Sea and Mediterranean Sea accounts for 12 per cent of global trade, including 30 per cent of all container movement.
Associate Professor Yap Wei Yim from the Singapore University of Social Sciences (SUSS) told TODAY that the Suez Canal passage is “a key trade route”, particularly for cargo shipments between Asia and Europe.
Corey Ranslem, chief executive of maritime security firm Dryad Global, told Time magazine that travelling via the Suez Canal and Red Sea — instead of going round the African continent — can save ships more than 30 days in travel time.
Experts who spoke to TODAY estimated that the difference in the number of days in travelling via Cape of Good Hope compared to going through the Suez Canal may range between one and two weeks, depending on various factors.
Referring to ship tracking data from the London Stock Exchange Group, Christian Roeloffs, co-founder and chief executive officer of Container xChange, said: “At least 11 container ships, which had passed through Suez and were approaching Yemen carrying consumer goods and grains bound for countries including Singapore, Malaysia and the United Arab Emirates, are now anchored in the Red Sea between Sudan and Saudi Arabia.
“For Singapore, the situation means delays and halts in westbound trade.”
News agency AFP reported that the Yemeni rebels had vowed in a statement to “continue to prevent all ships heading to Israeli ports... from navigating in the Arab and Red Seas” until more food and medicine is allowed into Gaza.
https://www.malaymail.com/news/singapore...ted/108375
The global container trading and leasing platform added that the 193km Suez Canal that connects the Red Sea and Mediterranean Sea accounts for 12 per cent of global trade, including 30 per cent of all container movement.
Associate Professor Yap Wei Yim from the Singapore University of Social Sciences (SUSS) told TODAY that the Suez Canal passage is “a key trade route”, particularly for cargo shipments between Asia and Europe.
Corey Ranslem, chief executive of maritime security firm Dryad Global, told Time magazine that travelling via the Suez Canal and Red Sea — instead of going round the African continent — can save ships more than 30 days in travel time.
Experts who spoke to TODAY estimated that the difference in the number of days in travelling via Cape of Good Hope compared to going through the Suez Canal may range between one and two weeks, depending on various factors.
Referring to ship tracking data from the London Stock Exchange Group, Christian Roeloffs, co-founder and chief executive officer of Container xChange, said: “At least 11 container ships, which had passed through Suez and were approaching Yemen carrying consumer goods and grains bound for countries including Singapore, Malaysia and the United Arab Emirates, are now anchored in the Red Sea between Sudan and Saudi Arabia.
“For Singapore, the situation means delays and halts in westbound trade.”
News agency AFP reported that the Yemeni rebels had vowed in a statement to “continue to prevent all ships heading to Israeli ports... from navigating in the Arab and Red Seas” until more food and medicine is allowed into Gaza.
https://www.malaymail.com/news/singapore...ted/108375
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