More grain ships divert from Red Sea after attacks
Attacks on shipping in the Red Sea region have in past days led to a sharp rise in the number of grain cargoes being diverted around the Cape of Good Hope, rather than using the Suez Canal, grain traders and analysts said on Friday. Earlier this week, shipping sources had said they expected some grain cargo diversions but that most would continue to risk passing through the Suez Canal, which is the shortest shipping route between Europe and Asia. But continued attacks on shipping this week by Iran-backed Houthi militia despite U.S.-led air strikes on Houthi positions in Yemen mean more dry b...
Source: yahoo.com
