Shipping industry in the dark over US-led Red Sea navy force
US-led Red Sea coalition to counter Houthi attacks lacks details, causing uncertainty among shipping companies
Source: tribune.com.pk
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Will gas prices spike in US as cargo ships are attacked in Mideast? Experts weigh in
By bypassing the Red Sea, ships will be forced to travel thousands of extra miles to reach their destinations, causing delays and inflating prices, particularly for oil and gas, experts told McClatchy News.
Source: stripes.com
Markets Spike Following Houthi Attacks On Shipping
Continued missile attacks on merchant ships in the Red Sea have plunged supply chains into chaos, and consumers around the…
Source: marinelink.com
Emergency warning issued to all Greek ships in Red Sea/Gulf of Aden
An emergency warning by the Greek Coast Guard has apparently been issued to any ships sailing under the Greek flag or owned by Greek interests that are operating in the southern Red Sea and Gulf of Aden to avoid Yemeni waters.
Source: neoskosmos.com
Houthi threats prompt shipping companies to rethink Suez Canal use
If all traffic in the Suez Canal stopped, Egypt would lose about $13 million daily, disrupting its main foreign currency income.
Source: jpost.com