CONTAINER shipping service providers have added further costs to Australian red meat exporters seeking to consign product to the Middle East and Europe, as a result of the ongoing Red Sea Crisis.
Attacks by Iranian-backed Houthis from Yemen on commercial vessels passing through the Red Sea – one of the world’s most important maritime channels – have made ship owners reluctant to sail via the Suez Canal and Red Sea in trade between the Asia-Pacific region (including Australia) and Europe.
Instead, they’re choosing the longer and more expensive route via South Africa’s Cape of…
