Faced with increasing attacks on merchant ships and tankers by Yemeni Houthi rebels in the Red Sea, major shipping companies have decided to avoid the Sea until it is secured. While this reaction will lengthen delays and increase sea freight costs, the United States has announced the formation of a 10-nation naval coalition to counter the pirates.
Sea freight is once again severely disrupted due to attacks on merchant vessels by Yemeni Houthi rebels in the Red Sea.
After the covid period, the cost of this mode of transport had exploded. Since then, however, it has fallen back.
Today, however, the situation has changed once again, due to the high level of conflict in the Middle East. And it’s not just the rates, but also the lead times that are going to be increased for ships sailing between Europe and Asia.
Is this the final straw in these well-established shipping routes? The repeated attacks by the Houthis on merchant ships in the Red Sea, using missiles and drones. The rebels, who have all but seized power in Yemen, present these actions as a response to the Israeli assault on the Gaza Strip.
15% of world shipping traffic
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