CONCERNS continue to grow over the situation in the southern Red Sea and Gulf of Aden as reports this week emerged that Yemen’s Iran-backed Huthi rebels have repeatedly fired missiles and drones at vessels using the shipping lanes that they say are linked to Israel in a show of support for Palestinians.
The US this week started to build a multinational naval task force to protect the waterway leading to the Suez Canal through which more than 10% of global trade transits.
Maersk, accounting for a substantial percentage of global container freight, said it remained “deeply concerned” about the situation.
As of Tuesday, Maersk said it had about 20 vessels that had paused transits, out of which half were waiting east of Gulf of Aden and the rest waiting south…
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Cape Times (Digital) - 1 Issue, 2023-12-21