Fatal Houthi rebel attack may be a ‘red line’ in Red Sea shipping crisis - News Summed Up

Fatal Houthi rebel attack may be a ‘red line’ in Red Sea shipping crisis


The deadly strike marks a significant escalation of the Houthi attacks on ships in the Red Sea and and comes despite a US-led naval coalition to protect the crucial waterway. Fewer ships appear to be transiting through the Red Sea and adjoining Suez Canal after the latest attack, according to maritime risks analytics company Windward. “Our data shows that 61% of these (anchored) after 13:30 UTC (18:30 ET), which was the time of the attack,” Windward CEO Ami Daniel told CNN. Windward data shows that last month the number of bulk carriers in the Red Sea was already at its lowest level in two years. Shipping through the Suez Canal dropped after Houthi attacksContainer shipping companies have been avoiding the Red Sea and the Suez Canal as Houthi militants in Yemen escalate attacks on commercial vessels.


Source: Egypt Independent March 08, 2024 11:30 UTC



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