The recent spate of attacks against Israel-linked vessels could force cargo ships to divert from the key Red Sea shipping route, significantly increasing the cost and time of Chinese car exports to Europe, a logistics expert told Caixin.
Caixin
Chinese auto exporters face costly detour after Red Sea attacks
Route to Europe around the Cape of Good Hope could add two weeks, expert says
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Chinese carmakers shipped more than 3.9 million vehicles overseas between January and October, up nearly 60% year-on-year, according to the latest data from the China Association of Automobile Manufacturers. © Reuters
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