التصنيف: أخبار

Typical shipping prices are 329% more expensive since disruption began in the key Red Sea shipping route in November, new figures show.

It now costs on average $3,030 (£2,391) to send a container from Shanghai to Europe, up from $707 (£558) in mid-November, before Yemeni Houthi fighters began capturing and firing on freight ships in an effort to prevent shipments to Israel in retaliation for the bombardment of Gaza.

Major container shipping and fossil fuel companies diverted vessels from the area in response, adding up to 14 days to journey times and upwards of £1m in costs as ships travelled a longer way, via South Africa, to reach Europe.

It prompted fears that inflation could rise as most items spend some part of their supply chain life at sea.

But weekly published data showed a slight decrease in costs on Friday compared to seven days earlier.

The most widely used measure of freight cost, the Shanghai Containerised Freight Index (SCFI), fell from $3,101 (£2,447) per container on 12 January, to $3,030 (£2,391) on 19 January, according to data given to Sky News by global logistics company, DSV.

The number of vessels going through the area has dropped by hundreds, according to Lloyd’s List, the 287-year-old provider of shipping data and news to the maritime industry.

In the second week of 2024, ending 14 January, 290 vessels travelled through the Red Sea to access the major shipping pathway of the Suez Canal, down from 470 in the week when Houthis attacked a cargo ship.

The largest falls by vessel type were gas carriers.

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Traffic is likely to have fallen further as this week QatarEnergy halted Red Sea shipments and reports emerged that fossil fuel giant Shell had done the same.

Costs, however, remain below the highs seen after the Ever Given container ship was wedged in the Suez Canal, halting travel and heralding the first wave of inflation.

Russia could attack NATO within five years, the German defence minister has warned, as the alliance prepares to launch its biggest military exercises in decades amid increasing global uncertainty.

Boris Pistorius told German news outlet, Der Tagesspiegel: “Our experts expect a period of five to eight years in which this could be possible.

“We hear threats from the Kremlin almost every day, so we have to take into account that [Russian President] Vladimir Putin, might even attack a NATO country one day.”

‘Prepare for war, NATO chief warns’: Ukraine latest

While he said it was unlikely “for now”, Mr Pistorius warned that “we are dealing with a military threat situation in Europe that has not existed for 30 years”.

“We see it through Russia’s attack on Ukraine. We hear threats from the Kremlin almost every day – most recently against our friends in the Baltics.”

His warning comes on the day the chairman of the NATO military committee urged people to be ready for a conflict that would require a significant change to their lives.

Admiral Rob Bauer said: “We have to realise it’s not a given that we are in peace. And that’s why we [NATO forces] are preparing for a conflict with Russia.

“But the discussion is much wider. It is also the industrial base and also the people that have to understand they play a role.”

Around 90,000 NATO personnel, 20,000 from the UK, will take part in months of drills, beginning next week, the alliance’s biggest since the Cold War, which leaders hope will show the organisation can defend all of its territory up to its border with Russia.

The exercises – christened Steadfast Defender 24 – “will show that Nato can conduct and sustain complex multi-domain operations over several months, across thousands of kilometres, from the High North to Central and Eastern Europe, and in any condition,” the 31-nation body said.

Troops will be moving to and through Europe until the end of May in what NATO describes as “a simulated emerging conflict scenario with a near-peer adversary”.

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NATO now sees its chief adversaries as Russia and terrorist organisations.

US General Christopher Cavoli, said the exercises, which coincide with Russia getting bogged down in Ukraine, will demonstrate “our unity, our strength, and our determination to protect each other”.

While NATO isn’t directly involved in the conflict, it is supplying Ukraine with non-lethal support, and many member countries have been sending weapons and ammunition and giving military training.

NATO had already begun building up security on its eastern flank with Russia and Ukraine in the months before Vladimir Putin ordered troops into Ukraine in February 2022.