Posted by Richard Willett - Memes and headline comments by David Icke Posted on 19 December 2023

Global Trade At Risk As Shippers Shun Red Sea Over Houthis Attacks

Amid further attacks and reroutings…we look at the true scale of the Houthi attacks on MidEast tankers.

We suspect the market is underestimating the impact that S&P Global’s Jennifer Gnana, Kelly Norways, and Mohammed Al-ansare detail below,

  • Cape transport option adds 40% to voyage distance
  • Houthis targeting tankers, container, cargo shipping
  • Container rates rise to 2023 high

Major shipping companies paused transiting the Middle East’s critical Bab al-Mandeb chokepoint for seaborne trade Dec. 15 after repeated attacks by Yemen’s Houthi militants threatened to upend global trade flows.

Danish shipping giant A.P Moller-Maersk — which accounts for 15% of the global container freight market — suspended voyages passing through the Bab al-Mandeb until further notice. Hapag-Lloyd — which controls 7% of the container market — also paused traffic through the Red Sea until at least Dec. 18 after one of its ships was attacked by Houthis.

Hapag-Lloyd’s Liberia-flagged Al Jasrah containership caught fire in the Red Sea on Dec. 15 after being hit by a missile from Houthi rebels in Yemen. The attack came a day after the Houthis attacked the Maersk ship Gibraltar on Dec 14 in a near-miss by a cruise missile.

Read More: Global Trade At Risk As Shippers Shun Red Sea Over Houthis Attacks

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