Piraeus port suffers from Red Sea instability
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The number of containers traveling through the port of Piraeus continued to decline in July as a result of the unstable situation in the Red Sea, where the Houthis of Yemen continue to attack merchant shipping.
In July, container traffic through Piraeus declined 4.8%, bringing the overall decline since the beginning of the year to 11.7%. The crisis has mostly hit Eastern Mediterranean ports, with merchant traffic shifting to the Western Mediterranean and Northern Europe.
