Shipping Giants Halt Red Sea Travel as Houthi Attacks Escalate

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Source: CNBC
Shipping Giants Halt Red Sea Travel as Houthi Attacks Escalate
Photo: CNBC
TL;DR Summary

Shipping companies Hapag-Lloyd and Maersk have temporarily halted travel through the Red Sea and the Bab el-Mandeb Strait due to attacks by Iranian-backed Houthi militants from Yemen. The attacks, targeting vessels headed for Israel, have raised concerns about the safety of seafarers. Maersk, the world's second-largest container shipping company, will divert ships away from the area, while Hapag-Lloyd will pause all container ship traffic through the Red Sea. Israel-based carrier ZIM has rerouted vessels to avoid the Arabian and Red Seas, adding significant travel time and fuel costs. The World Shipping Council has called for decisive action to protect seafarers, emphasizing the importance of safeguarding freedom of navigation. Discussions are ongoing to form a maritime task force to ensure safe passage in the Red Sea.

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