it happened late on tuesday and is the latest in a series of attacks which are prompting major shipping lines to take alternative, longer routes. the international chamber of shipping says that one in five commercial vessels and ships are now avoiding the red sea, which accounts for 12% of global trade. it s led to a near doubling in the cost of container shipping. the attackers say they ll continue to target vessels until palestinians in gaza are allowed sufficient food and medicine. michelle bockmann is principal analyst at the maritime analysts lloyd s list intelligence. thank you for being with us today, michelle. there have been multiple efforts to try and neutralise the threat from these houthi rebels to ships in the area. these latest attacks suggest they are failing. good afternoon. it certainly seems that way at the moment. the us coalition of military support that is meant to be helping that transit through the red sea to the suez canal seems to have failed to deter
the last 3 4 days have had some sort of linker to western shipping operations. now we are seeing the only vessels that are prepared to take the transit through their mainly being tankers and shipping vessels. a lot of the oil coming from russia to china and india is uninterrupted, for example. it is anybody s guess how this is going to play out. it is a very volatile situation. play out. it is a very volatile situation- play out. it is a very volatile situation. . ~ , ., , . play out. it is a very volatile situation. ., ~ , ., , . ., situation. thank you very much for “oininu us situation. thank you very much for joining us for situation. thank you very much for joining us for that situation. thank you very much for joining us for that analysis - situation. thank you very much for joining us for that analysis today. | the us carmaker, ford, is recalling more than 100,000 of its top selling f 150 trucks. there s a problem with a rear axle hub bolt, which, if it s damaged, could c