Houthis threaten Israel with more 'naval operations'
Any hope for shippers that the Red Sea could welcome back containerships this year may ...
Houthi attacks on shipping in the Red Sea have cut box throughput in the region by 90% and, amid escalating insurance costs, it seems it will take more than naval support to lure carriers back to the region any time soon.
According to a US Defense Intelligence Agency (DIA) report, re-routing vessels around Africa has added some 11,000 nautical miles and $1m in fuel costs to voyages, but from a financial perspective, this compares favourably with taking ...
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