Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
UNCTAD: The situation in the Palestinian territories is unfolding within a context of overall economic and institutional fragility and is leading to serious social and environmental consequences
UNCTAD: Two years of military operations and restrictions have caused an unprecedented collapse of the Palestinian economy
UNCTAD: Situation in Gaza unique, represents the most severe economic crisis ever recorded
TASS reports 3 people were injured in a drone attack in the Rostov region, after a fire broke out at a facility in the industrial zone
Ukraine's Ministry of energy reports massive attack on energy facilities in the country
Taiwan's Ministry of Defense: One Chinese balloon was spotted in the Taiwan Strait on Monday
Israeli media reports injuries in ramming operation in al-Naqab.
Sheikh Daamoush: Zionists must remain worried, as they have committed a grave error.
Sheikh Daamoush: All concessions given by Lebanese government to date bore no fruit.
Sheikh Daamoush: It is the duty of the state to protect its citizens and sovereignty, government must push plans to that effect and refuse external pressures, diktats.

Most UK exporters affected by disruption in Red Sea: Survey

  • By Al Mayadeen English
  • Source: Agencies
  • 26 Feb 2024 04:35
2 Min Read

The report emphasizes that some companies reported a fourfold increase in container rental costs due to the current situation in the Red Sea.

  • x
  • Red Sea
    This photo provided by the Indian Navy shows the US-owned ship Genco Picardy that came under attack Wednesday from a bomb-carrying drone launched by the Yemeni Armed Forces in the Gulf of Aden, on Thursday, Jan. 18, 2024. (Indian Navy via AP, File)

A survey conducted by the British Chambers of Commerce (BCC) revealed that the majority of British exporters and manufacturers have felt the impact of disruptions in the Red Sea, Reuters reported.

The BCC highlighted that 55% of exporters reported being affected, along with 53% of manufacturers and "business-to-consumer" services firms, a category that includes retailers and wholesalers, according to Reuters.

Overall, 37% reported experiencing an impact across all businesses, the survey found.

"Our research suggests that the longer the current situation persists, the more likely it is that the cost pressures will start to build," BCC's head of trade policy, William Bain, was quoted as saying.

The report emphasized that some companies reported a fourfold increase in container rental costs, while others faced delivery delays ranging from three to four weeks, along with cash flow challenges and shortages in spare parts.

In the same context, the Bank of England highlighted the state of disruption in the Red Sea as one of the main upward risks to inflation this year.

The S&P Purchasing Managers' Index also indicated Thursday that the costs for British companies rose at the fastest rate in six months in February.

It is noteworthy that the operations of the YAF against Israeli and Israeli-bound ships -- carried out in support of the people of Gaza until the Israeli aggression on the Strip ceases -- have forced some companies to take alternative routes including a two-week detour around the tip of southern Africa.

The YAF have also reiterated that they only chose clear and specific targets to hit the Israeli enemy until the American and British forces became involved in the aggression against Yemen, which turned them into targets as well, reiterating that no other countries are being targeted by the YAF.

Read more: US struggling to halt Red Sea attacks despite strikes: Officials

  • Britian
  • Yemen
  • Red Sea
  • UK
  • United Kingdom

Most Read

Inside the Epstein-Rothschild web behind 'Israel’s' spy tech empire

Inside the Epstein-Rothschild web behind 'Israel’s' spy tech empire

  • Politics
  • 19 Nov 2025
Hezbollah announces the martyrdom of Haitham al-Tabatabai

Hezbollah announces the martyrdom of commander Haitham Tabatabai

  • West Asia
  • 23 Nov 2025
Democracy at the civilizational crossroads: Critical analysis of bourgeois Democracy, its alternatives

Democracy at the civilizational crossroads: Critical analysis of bourgeois Democracy, its alternatives

  • Analysis
  • 19 Nov 2025
US readies covert, military measures to oust Maduro: NYT

US signs off on covert CIA operations inside Venezuela: NYT

  • Politics
  • 19 Nov 2025

Coverage

All
In Five

Read Next

All
Maduro highlights workers' rise, global support for Venezuela
Politics

Maduro announces receiving info about new plot against Venezuela

Humanitarian crisis deepens in Gaza under relentless Israeli attacks
Politics

Humanitarian crisis deepens in Gaza under relentless Israeli attacks

Last-ditch COP30 deal puts fossil fuels in the crosshairs
Environment

Last-ditch COP30 deal puts fossil fuels in the crosshairs, for now

Trump admin fumes after court tosses cases against Comey, James
Politics

Trump admin. fumes after court tosses cases against Comey, James

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS