Yemen’s Iran-backed Houthi rebels have continued their attacks on shipping vessels in the Red Sea. Due to the nature of the attack, the world’s largest shipping companies halted operations in the Red Sea since the weekend.
On Friday, shipping giants A.P. Møller – Mærsk A/S (Maersk) and Hapag-Lloyd stopped all container ship travel in the Red Sea, according to a report by ZeroHedge. The following day, Italian-Swiss-based Mediterranean Shipping Company and French-based CMA CGM followed suit. AFP News reported that Italian-Swiss-based Mediterranean Shipping Company and French-based CMA CGM halted container ship sails through the Red Sea on Saturday, citing mounting risks due to Iran-backed Houthi rebels. So far, four large shipping companies are switching gears to avoid attacks by Iranian proxies. The number of major shipping firms that have suspended sails through the Red Sea due to elevated missile and drone attacks near the strategic Bab al-Mandab strait has jumped […]
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