In an unprecedented move, major shipping companies halted Red Sea shipments after Houthi attacks.
The suspension was triggered by the attacks on vessels by Yemeni Houthi rebels, prompting A.P. Moller-Maersk and Hapag-Lloyd to temporarily cease operations in the region.
Two cargo ships in the Red Sea fell victim to missile attacks launched from Houthi-controlled territory in Yemen, according to the United States. The vessels, crucial for global trade, were attacked in the Bab El Mandab, a narrow strait of water.
The Houthi rebels, backed by Iran, have claimed responsibility, asserting their support for Hamas and targeting ships bound for Israel.
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The first ship, a container vessel named Al Jasrah owned by German transport company Hapag-Lloyd and flagged to Liberia, was hit by a drone. The ship, en route from the Greek port of Piraeus to Singapore, sustained damage, but there were no casualties, and it is continuing its journey.
Speaking to Reuters, a Maersk spokesperson highlighted safety concerns, prompting the halt until further notice.
Houthis’ threats, specifically targeting vessels with Israeli ties, have sent shockwaves across the shipping industry, affecting approximately 10% of global trade passing through the Red Sea.
This has pushed companies like MSC, Hapag-Lloyd, and Maersk—holding 40% of the global trade vessel market share—to reconsider their routes.
The escalating situation has forced Israel-based ZIM to redirect its vessels around South Africa’s Cape of Good Hope, incurring longer travel times and increased fuel costs.
With 13 vessels attacked since the Israel-Hamas conflict began, the industry faces a challenging navigation landscape amidst rising tensions.
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