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MSC, CMA CGM, Maersk, and Hapag-Lloyd have all paused their vessels transiting the Red Sea as Houthi militia step up attacks on commercial shipping.

The disruption to usual trade flows is expected to result in higher prices and delays, which will only intensify the longer the disruption lasts, as alternative routes can add thousands of miles to shipping journeys.

Global supply chain issues have finally eased, but if there's anything we've learnt, it's not to become complacent, writes Anne Sophie Fribourg

Mounting attacks by the Iran-aligned Yemeni Houthi militant group on ships in the Red Sea are disrupting maritime trade as leading global freight firms reroute around the Cape of Good Hope to avoid the Suez Canal.

Sky News understands about 300 people are sheltering in the Holy Family Parish in Gaza City. The Archbishop of Westminster tells Sky News the deaths of two women there were a "cold bloodied killing". Meanwhile, trade through the Red Sea is being increasingly affected by the war.

The recent attacks on ships in the Red Sea are an early warning sign that another international supply chain crisis could happen in the immediate future.

 

Guillermo Ximenis Madrid, Dec 18 (EFE). – Attacks on commercial vessels in the Red Sea have prompted some of the world’s largest shipping companies to suspend operations in the area, disrupting the global supply chain and threatening to affect oil and gas importing countries. Mediterranean Shipping Company (MSC), the world’s largest cargo carrier by capacity, …

At least five global shipping lines have paused all their activities through the Red Sea due to Houthi terrorism.

Liner operators could speed up vessels to make up for longer voyages, as they will require additional capacity to maintain services that typically used the Red Sea route, according to analysts