Shipping giants have suspended transit in the Red Sea

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AGI – Le Chinese shipping companies (but not limited to) Cosco, Oocl and Evergreen Marine decided suspend freight traffic on the Red Sea routealarmed by the threat attacks by the Yemeni Houthi rebelsThe three companies – including the state-owned China Ocean Shipping Company, known as Cosco, one of the largest shipping companies in the world – verbally informed their customers about the cargo suspension, reports the Shanghai The Paper news portal.

Already last Friday, shipping groups Maersk and Hapag-Lloyd announced the temporary suspension of sailings through the Suez Canal and the Red Sea. Oil giant BP also announced today that it has temporarily suspended all transit through the Red Sea and the Bab al-Mandeb Strait.

In recent weeks several ships suffered attacks off the coast of Yemenone of the main shipping routes in the world connecting Europe, Asia and Africa. The Houthis have fired several salvos of rockets and drones at southern Israel in the past two months, as well as at ships flying the flag of the Jewish state or owned by Israeli companies.

Last Friday was the most violent day against international shipping in the area after at least three ships were attacked; and two of those attacks were claimed by the Iran-backed Houthis.

Increasing attacks by Yemeni Houthi rebels on ships sailing through the Red Sea pose a threat to international trade: around 10% of global trade passes through this important “artery”. The offensives have raised concerns about the impact on the flow of oil, grain and consumer goods more generally. Many ships have been forced to extend their routes and insurance costs have increased, according to a lengthy analysis published by voanews.

Some ships linked to Israel have begun taking the longer route around Africa and the Cape of Good Hope, said Noam Raydan, a senior fellow at the Washington Institute for Near East Policy. This means extending the journey from around 19 days to 31 days depending on the speed of the ship, increasing costs and creating delays, he added.

The Red Sea, with the Suez Canal at its northern end and the Bab el-Mandeb Strait at its southern end leading to the Gulf of Aden, is a key and busy hub for the transport of goods between Asia and Europe. AND’huge amount of European energy suppliesincluding oil and diesel, passes this wayJohn Stawpert, senior manager for environment and trade at the International Chamber of Shipping, which represents 80% of the world’s commercial fleet, told voanews.com.

The same goes for i food products such as palm oil and wheatand for everything transported by container ships, i.e. most of the world’s manufactured products.

Norwegian ship hit in Red Sea, rebels claim responsibility

PUSH Norwegian oil tanker Swan Atlanticflying the flag of Cayman, she was hit while sailing in the Red Sea by an “unidentified object”. Norwegian Inventor Chemical Tankers reported that “fortunately, the Indian crew members were not injured and, according to them, the ship suffered limited damage.” The Houthis claimed responsibility for the attack.

The ship, which traveled from France to La Reunion, had no connection to Israel, the ship’s owner added. A US source told Reuters that the destroyer USS Carney had received an alert from the Swan Atlantic and headed towards the ship to assist.

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