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february the second for the remainder of them. we will talk about it again _ remainder of them. we will talk about it again in _ remainder of them. we will talk about it again in the _ remainder of them. we will talk about it again in the future. - about it again in the future. thank you for now. now lets bring you up to date on what's happening in the red sea. ships across the world are switching away from the shorter trade route via the suez canal after iranian—backed houthi militants in yemen stepped up attacks on vessels to show their support for hamas. on friday the container shipping giant, maersk, said it was diverting all vessels from red sea routes around africa's cape of good hope for the foreseeable future, warning customers to prepare for significant disruption. as we've been reporting for several weeks now the crisis is having a significant impact on the cost of shipping goods, with the price of insurance rising substantially for ships transiting through the area. live now to richard meade, editor—in—chief at lloyd's list, one of the world's oldest maritime journals. good to have you on the programme, richard. let's talk specifically about the insurance cost.-