Shipping Costs for UK Surges by 300% Due to Yemen Maritime War
Shipping costs from Asia to Europe have skyrocketed by 300% for UK companies due to Yemen’s Pro-Palestine maritime war alongside US-UK Pro-Israel retaliatory attacks in the Red sea.
In a survey by the British Chambers of Commerce, the logistical delays have forced delivery times to extend by as much as four weeks.
Such long delays resulted in cash flow challenges and shortages of components of production, impacting the entire economy.
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