The latest data from the Kiel Institute for the World Economy (IfW) reveals a continued decline in freight volume through the Red Sea, notably in January. Following December's over fifty percent drop due to Houthi rebel attacks, the region is experiencing over 80 percent fewer container shipments through the Red Sea and Suez Canal than anticipated. This downturn is reverberating in German ports such as Hamburg and Bremerhaven, with incoming ship traffic reduced by 25 percent, as indicated by the latest update of the Kiel Trade Indicator for January.
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22 sats \ 1 reply \ @justanumber 7 Feb
Thanks for keeping us updated. This makes me think of a video I watched where it mentioned countries/places that are self-sustainable. Don't want to be somewhere that is too reliant on outside sources.
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0 sats \ 0 replies \ @TomK OP 7 Feb
yes, that is precisely the problem here in Europe. we are anything but self-sufficient. Europe should do everything it can to be the most attractive of all locations, as we no longer have any resources at all.
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21 sats \ 0 replies \ @0b1CoinObi 7 Feb
On the flip side Air Cargo is booming
https://www.cnbc.com/2024/01/19/air-freight-soars-as-red-sea-vessel-risks-make-more-shippers-nervous.html
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