Shafiur Rahman, regional operations manager of G-Star in Bangladesh, needs to send 6,146 pieces of denim trousers weighing 4,404 kilogrammes from a Gazipur-based garment factory to Amsterdam of the Netherlands.
Attacks by Yemeni rebels on commercial ships in the Red Sea have had only a "moderate" impact on global trade, Ralph Ossa, the World Trade Organization's chief economist told AFP.
Even before the crisis, India's exporters very thin profit margins were between 3% to 7%
Weak demand so far has kept oil prices stable amid the Red Sea crisis, but it could change
Container shipping through the Red Sea has dropped by nearly one-third this year as attacks by Yemen's Huthi rebels continue
International clothing retailers and brands are still choosing seaways, instead of air, to carry goods from Bangladesh to Europe although the rerouting of ships away from the Red Sea has increased the freight charge by more than 30 percent and added 15 days to the sailing time.
The historical Shia-Sunni rift gives another dimension to the tension in the Middle East.
The ongoing Red Sea crisis can potentially revive Russia-Saudi oil tensions, according to a Reuters analysis
Crude oil market in Europe and Africa are reacting to Red Sea crisis by tightening the market
Shafiur Rahman, regional operations manager of G-Star in Bangladesh, needs to send 6,146 pieces of denim trousers weighing 4,404 kilogrammes from a Gazipur-based garment factory to Amsterdam of the Netherlands.
Attacks by Yemeni rebels on commercial ships in the Red Sea have had only a "moderate" impact on global trade, Ralph Ossa, the World Trade Organization's chief economist told AFP.
Even before the crisis, India's exporters very thin profit margins were between 3% to 7%
Weak demand so far has kept oil prices stable amid the Red Sea crisis, but it could change
Container shipping through the Red Sea has dropped by nearly one-third this year as attacks by Yemen's Huthi rebels continue
International clothing retailers and brands are still choosing seaways, instead of air, to carry goods from Bangladesh to Europe although the rerouting of ships away from the Red Sea has increased the freight charge by more than 30 percent and added 15 days to the sailing time.
The historical Shia-Sunni rift gives another dimension to the tension in the Middle East.
The ongoing Red Sea crisis can potentially revive Russia-Saudi oil tensions, according to a Reuters analysis
Crude oil market in Europe and Africa are reacting to Red Sea crisis by tightening the market
While Red Sea trade disruptions has so far had negligible effect, it might change soon
