Houthi attacks are starting to reshape shipping flows © Amr Abdallah Dalsh/Reuters
Freight Waves: Houthi attacks are starting to reshape shipping flows
U.S. and U.K. airstrikes on Houthi positions in Yemen have not made the Red Sea any safer for shipping.
“Red Sea issues are getting worse, not better,” said Stifel shipping analyst Ben Nolan.
U.S. and U.K. airstrikes on Houthi positions in Yemen have not made the Red Sea any safer for shipping. “Red Sea issues are getting worse, not better,” said Stifel shipping analyst Ben Nolan.
The dry bulk carrier Gibraltar Eagle, owned by Connecticut-based Eagle Bulk (NYSE: EGLE), was struck by an anti-ship ballistic missile in the Gulf of Aden on Monday. The Greek-owned dry bulk carrier Zografia was hit by a missile in the southern Red Sea on Tuesday.
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Update: Houthi attacks are starting to reshape shipping flows (Washington Post)
WNU Editor: Oil prices have inched a little bit upwards in the past few weeks, but if this continues I agree with Chevron’s CEO view that this will have a severe impact …. Chevron CEO says Houthi attacks in Red Sea pose ‘very real’ risks to oil flows and prices (FOX Business).