DB_Red Sea red alert 101- Tension in the global supply chain

DeutscheBankAdrianCoxResearchThematicResearch(+44)-20-7541-7775RedSearedalert101:adrian.cox@db.comTensionintheglobalsupplychainGalinaPozdnyakova(+44)-20-754-74994January2024galina.pozdnyakova@db.comDistributedon:30/01/202405:31:06GMTPerryKojodjojo(+852)-2203-6153perry.kojodjojo@db.comSamiraKalla(+44)-20-754-16768Samira.kalla@db.comIMPORTANTRESEARCHDISCLOSURESANDANALYSTCERTIFICATIONSLOCATEDINAPPENDIX1.MCI(P)041/10/2023.UNTIL19thMARCH2021INCDOeuMtsPcLhEeTBEaDnIkSRCeLsOeSaUrcRhEINAFdOriaRnMCAoTxIO(+N44M)A20Y7H5A41VE77B7E5ENJDaInSuPaLryAY20E2D4,PLEASESEEAPPENDIX1FORFURTHERDETAILS.07T2se3r0Ot6kwoPaImagebyDALL-ERedSearedalert:tensionintheglobalsupplychainAttacksbyHouthirebelsfromYemenonshipsintheRedSeaContainershiptransitsacrossmajorshippingroutes,sincemid-Novemberhavehalvedcargotrafficinacorridorwestboundtraffic,7daysumthatcarriesabout12%ofglobaltradeandonceagainexposedthefragilityoftheworld’sphysicalsupplychains.1200Thisreport,thelatestinour101seriesforgeneralists,reviewsTransitBabElMandebNWboundhowthecrisiscameabout,whytheconflictinGazaisspillingintothewiderMiddleEastandwhatitmeansforoilandtrade.TransitCapeofGoodHopeWboundThestakesarehigherstillafterthedroneattackwhichkilledTotalTEUofContainerShips(thousand)1000TransitSuezCanalNboundthreeUStroopsinJordanthisweekandwhichtheUSsayswaslikelycarriedoutbymilitiassupp...