Shipping companies have diverted about $80 billion worth of cargo away from the Red Sea due to the threat of attacks from Houthi militants in Yemen.
Carriers are re-routing vessels as a direct result of strikes in the Middle Eastern body of water since the start of the Israel-Hamas war in October
```
Members Only
Login or create an account to continue
This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.
New to BusinessDay? Register now and start reading.
```
