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Suez Canal and Panama Canal UPSC NOTE

 Why in News

  • Since November 2023, the Houthis, based in Yemen, have launched attacks on ships traversing the Red Sea. 

  • The Houthis say their actions are in solidarity with the Palestinians, who are caught in the Hamas-Israel war. 

  • This has disrupted trade through the critical waterway that connects Asia and Europe.

  • Companies are re-routing their ships to avoid the Suez Canal, opting instead for the longer route around the Cape of Good Hope, the southern tip of Africa.

  • The Suez Canal handled 12%-15% of global trade in 2023. 

  • According to a UNCTAD report, the container tonnage crossing the canal fell by 82% in the first half of February this year

  • On the other hand, container tonnage passing around the Cape of Good Hope increased by 60% in the same period. 

  • About 621 container ships were rerouted around the Cape of Good Hope by February 18, since the start of the attack.

Suez Canal, Panama Canal



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Learnerz IAS | Concept oriented UPSC Classes in Malayalam: Suez Canal and Panama Canal UPSC NOTE
Suez Canal and Panama Canal UPSC NOTE
Learnerz IAS | Concept oriented UPSC Classes in Malayalam
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