Ships carrying Chinese cars are using the Red Sea and Suez Canal even as other vessels still sail around Africa in fear of attacks by the Houthi militia.
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Ships carrying Chinese cars are using the Red Sea and Suez Canal even as other vessels still sail around Africa in fear of attacks by the Houthi militia.
By Keith Bradsher
Reporting from Beijing
Chinese automakers are shipping cars to Europe through the Red Sea and Suez Canal, nearly two years after the Iran-backed Houthi militia in Yemen started attacking vessels in the critical Middle East transit route.
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With the price of fuel rising China's BYD says it is positioning itself to benefit from the global shift away from fossil fuels.
The Houthis’ entry could further hurt global shipping if they again target vessels in the Bab el-Mandeb Strait off the Red Sea.
