Four Major Shipping Firms Halt Red Sea Route After Houthi Attacks, by Tyler Durden

The world’s navies appear unable to stop this kind of guerrilla warfare. From Tyler Durden at zerohedge.com:

Yemen’s Iran-backed Houthis have launched a series of attacks on commercial vessels in the highly trafficked Red Sea strait as retaliation for Israel’s Gaza operation and Washington’s support of Israel. In light of these developments, shipping giants A.P. Møller – Mærsk A/S – also known as Maersk – and Hapag-Lloyd halted their container ships from sailing in these highly contested waters on Friday. Two other major shipping firms followed suit on Saturday.

The number of major shipping firms that have suspended sails through the Red Sea due to elevated missile and drone attacks near the strategic Bab al-Mandab strait has jumped to four. 

AFP News reports that Italian-Swiss-based Mediterranean Shipping Company and French-based CMA CGM halted container ship sails through the Red Sea on Saturday, citing mounting risks due to Iran-backed Houthi rebels. 

Spillover risks of the Israel-Hamas war are already being recognized, as the Red Sea is responsible for 40% of the world’s international trade. 

“We are deeply concerned about the highly escalated security situation in the southern Red Sea and Gulf of Aden,” Maersk said in a statement. 

Maersk continued, “The recent attacks on commercial vessels in the area are alarming and pose a significant threat to the safety and security of seafarers.”

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