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This page is the English version of Almasirah Media Network website and it focuses on delivering all leading News and developments in Yemen, the Middle East and the world. In the eara of misinformation imposed by the main stream media in the Middle East and abroad, Almasirah Media Network strives towards promoting knowledge, principle values and justice, among all societies and cultures in the world

British Companies Face Economic Losses Due to Yemeni Naval Operations

News - Yemen: Yemeni naval operations targeting British ships in the Red Sea, Arabian Sea, and Gulf of Aden have resulted in economic losses for British companies. The operations are in response to perceived British involvement in aggression against Yemen, to protect Zionist interests.

 

Hornby, a British railway company, reported a decline in sales due to delivery delays caused by the situation in the Red Sea. According to Reuters, the company's worldwide sales dropped by 8 percent in the fourth quarter.

The situation has led many major British companies to suffer losses. British ships are diverting their routes to avoid being targeted by Yemeni Armed Forces, affecting shipping schedules and increasing costs.

The Sun reported that diverting British ships from the Red Sea results in increased costs for consumers in the UK. BP has been forced to change its routes amid threats of fuel price increases, potentially leading to inflation.

The report highlighted concerns from various British companies about supply chain disruptions. Twinings warned of risks to tea supplies, while Adidas CEO expressed concerns about rising shipping prices leading to increased costs and potential price hikes.

Major retailers like Marks & Spencer, Debenhams, Poundland, and Primark have warned of potential supply chain disruptions and sales impact.

A report by the British Chamber of Commerce revealed damage to exporters and manufacturers, along with a significant increase in container shipping costs and delays in delivering goods to the UK.

The report by the British Chamber of Commerce also highlighted how Yemeni operations have caused cash flow difficulties and shortages of components in British production lines.

William Bain, Head of Trade Policy at the British Chamber of Commerce, warned, "The longer the current situation persists, the more likely cost pressures will accumulate."

In light of these repercussions, both Britain and the US have demonstrated significant challenges in halting or mitigating Yemeni attacks. The BBC quoted senior officers in the British Navy acknowledging the formidable nature of Yemeni weaponry and the failure of British warships to intercept any Yemeni missiles thus far. This failure suggests that economic losses are likely to continue escalating over time.

Yemenis have declared their open support for Palestine’s struggle against the Israeli occupation since the regime launched a devastating war on Gaza on October 7 after the territory’s Palestinian resistance movements carried out the surprise Operation Al-Aqsa Storm.

The Yemeni Armed Forces have conducted recent attacks on ships with ties to Israel near Yemeni ports, including the interception and seizure of a vessel associated with the Tel Aviv regime on November 19.

The maritime attacks have forced some of the world’s biggest shipping and oil companies to suspend transit through one of the world’s most important maritime trade routes.

Tankers are instead adding thousands of miles to international shipping routes by sailing around the continent of Africa rather than going through the Suez Canal.
 

#Yemen #Yemeni Navy About 1 week
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This page is the English version of Almasirah Media Network website and it focuses on delivering all leading News and developments in Yemen, the Middle East and the world. In the eara of misinformation imposed by the main stream media in the Middle East and abroad, Almasirah Media Network strives towards promoting knowledge, principle values and justice, among all societies and cultures in the world

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