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Since mid-November 2023, the international shipping route through the Red Sea has been dramatically disrupted due to frequent attacks on vessels by Yemen’s Houthi movement. As the shipping lanes have developed into a conflict zone, the volume of Red Sea transits has plummeted, with roughly half of lost traffic now detouring around the tip of southern Africa. How has the past seven months of disruption impacted the international shipping industry and regional and global trade more generally? What are the new risks and costs that the Red Sea crisis has generated? How have businesses in the region and further afield reacted to these new dynamics, and how do they see the situation going forward?
In this one-hour session you will hear from Bilal Sabbagh, director, Investigations and Disputes, K2 Integrity; Andrew Hood, partner, Fieldfisher; Ahmed Al Barwani, partner and head of office, Oman at Al Tamimi & Company; Marc Armas, counsel, Walden Macht & Haran; and moderator Sabrine Hassen, senior managing director, Investigations and Disputes, K2 Integrity.
