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Redseashipping

All articles tagged with #redseashipping

world-news-conflict-and-security2 years ago

"Escalating Houthi Assaults in the Red Sea: Implications and International Response"

Houthi rebels in Yemen have escalated their attacks on commercial shipping in the Red Sea, posing a significant threat to the vital trade route through the Suez Canal and increasing tensions in the region. Despite the presence of a US-led coalition, the Houthis, with Iranian support, continue to challenge maritime security, leading to disruptions in global shipping and higher costs for companies. The US and its partners face limited options to effectively deter these attacks without risking broader conflict with Iran. The situation underscores the vulnerability of international trade to regional conflicts and the challenges of maintaining security in key maritime corridors.

via Vox.com|
##globaltrade#houthiattacks
business-and-economy2 years ago

"Red Sea Tensions Trigger Surge in Shipping and Air Cargo Rates"

Ocean freight rates have surged after a missile attack and attempted hijacking by Yemen-based Houthi militants on a Maersk ship in the Red Sea, leading to a suspension of transits through this crucial route to the Suez Canal. The attacks have caused shipping reroutes around Africa's Cape of Good Hope, significantly increasing transit times and costs, although rates remain below the pandemic peaks of 2021. The Suez Canal is a major trade artery, and the disruptions are affecting global shipping, with Asia-to-Europe and Asia-to-North America rates experiencing substantial hikes.

via Reuters.com|
##business-and-economy#globaltrade
world-news2 years ago

"USS Mason Counters Houthi Missile Threats, Securing Red Sea Shipping Lanes"

The US Navy intercepted two anti-ship missiles fired by Houthi rebels from Yemen towards international shipping in the Red Sea, marking the 23rd such attack since November. The USS Gravely and USS Laboon responded to a distress call from the Maersk Hangzhou, which had been hit by a separate missile strike. These incidents threaten a major global trade route and come amidst heightened tensions in the region, including the ongoing conflict between Israel and Hamas in Gaza, which has resulted in significant civilian casualties. The US has established a multinational naval task force to safeguard Red Sea transit in response to these threats.

via NDTV|
##houthimissileattack#iranbackedrebels