Red Sea: Piracy

(asked on 16th February 2024) - View Source

Question to the Foreign, Commonwealth & Development Office:

To ask the Minister of State, Foreign, Commonwealth and Development Office, whether he has made an assessment of the impact of the disruption to shipping in the Red Sea on global transfer of (a) fertiliser and (b) energy.


Answered by
Anne-Marie Trevelyan Portrait
Anne-Marie Trevelyan
Minister of State (Foreign, Commonwealth and Development Office)
This question was answered on 26th February 2024

The Red Sea is a vital sea lane for international shipping. 12 per cent of international trade, worth over $1 trillion, passes through the Bab al-Mandab Strait and the Suez Canal every year. The global economy has therefore been threatened by the Houthi's dangerous and destabilising attacks since 19 November.

Djibouti and Ethiopia, for example, are particularly dependent on importing fertilisers through the Red Sea (75 per cent from Morrocco, and 70 per cent from North Africa, respectively). Supply of fertiliser is time sensitive (because it is needed at specific points in a crop's life) and so delays in delivery may be more impactful on such countries' food security, than the consequences of delays to other goods.

The Department for Transport assesses jet fuel to be the most concerning commodity at risk of this disruption; globally, 30 per cent of seaborne jet fuel, 12 per cent of seaborne oil, and 8 per cent of seaborne liquefied natural gas (LNG) passes through the Red Sea.

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