GERMAN DYE AND TEXTILE CHEMICAL COMPANIES AT RISK FROM RED SEA CRISIS, BUT INNOVATION CONTINUES, SAY EXPERTS
March 19th, 2024
Attacks on commercial shipping in the Red Sea by the Houthi Islamic militant group from Yemen are creating significant concerns for the European chemical industry, including makers of dyes and textile finishing chemicals in Germany.
Over the past two months, trade volumes through the Suez Canal have dropped by 42%, according to the United Nations Conference on Trade and Development (UNCTAD). This is due to attacks by Yemen’s Houthis on dozens of cargo ships in the Red Sea in response to the Israeli invasion of Gaza following the October terror attacks by ...
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