BERLIN, Jan 13 — Automakers Tesla and Geely-owned Volvo Car said they were suspending some production in Europe due to a shortage of components, the first clear sign that attacks on shipping in the Red Sea are hitting manufacturers in the region. The United States and Britain launched a series of strikes on Yemen on Thursday, aimed at the Iran-backed Houthi militia whose attacks on international shipping have disrupted one of the world’s most important shipping routes. Container shipping rates jumped further this week as concerns grew that vessels carrying everything from clothes to phones and car batteries will have to avoid the Suez Canal, the fastest route between Asia and Europe, for longer than expected. The biggest supply chain…
Published Date: 2024-01-12
Source: Malay Mail
Categories: Business, Transportation and Logistics, Maritime, Moving Services, Recreation, Travel, Specialty Travel, Marketplaces
