Red Sea cargo volumes down 21% due to attacks
During the initial weeks of 2024, the maritime sector witnessed a 21% decrement in cargo volumes traversing the Gulf of Aden and Red Sea, attributed to a discernible reduction in vessel arrivals. This shift is primarily due to the maritime community's growing apprehensions over Houthi-initiated hostilities, leading to a strategic avoidance of the region. Notably, since November 2023, Houthi
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