Container shipping costs increased 300%because of Houthi attacks on Red Sea carriers

Houthi attacks on the carriers in the Red Sea make container shipping costs to jump 300% and shipping companies shares prices to increase and earn $22 billion as these air strikes linked to the Israel-Hamas war cause shipping delays and drive up the price of goods as well as more than a hundred container ships are taking the long route to the Cape of Good Hope around Africa instead of Suez Canal to avoid violence of these attacks.

Houthi attacks on the carriers in the Red Sea make container shipping costs to be more than tripling in some cases because container shipping costs have surged as companies seek to move goods via other، often longer، ocean routes that industry sources said the impact on global trade would depend on how long the crisis persists، but insurance premiums and longer routes would be immediate burdens.

Houthi attacks on the carriers make container shipping chaos in the Red Sea

Houthi attacks on the carriers make container shipping chaos in the Red Sea threatening 10% of the global economy and creating extra costs and delays، to avoid violence in the Red Sea as the US weighs up how to respond to the latest threat to the global economy.

Houthi attacks on the carriers in the Red Sea forced 103 container vessels to be rerouting from the Red Sea to the Cape of Good Hope around Africa that companies are also starting to look at using rail and air routes instead to avoid violence in the Red Sea as the waterway that carries 12% of global trade is deemed too perilous to pass.

Houthi attacks disrupted a key trade route via Egypt's Suez Canal

Houthi attacks on the carriers in the Red Sea have disrupted a key trade route linking Europe and North America with Asia via Egypt's Suez Canal and container shipping costs have surged، so that if there are extended disruptions، the consumer goods sector that supplies the world's top retailers like Walmart and Target will face the biggest impact، S&P Global said in a report.

Houthi attacks on the carriers by Houthi rebels in Yemen have stepped up attacks on vessels in the Red Sea since November 19 to show support for Palestine enduring 77 days of Israeli aggression and siege and the Houthis have been attacking vessels with links to Israel in protest at its military invasion against Palestinians in Gaza، and have warned against sailing towards the area.

US army launches Red Sea Force as ships reroute to avoid Houthi attacks

United States army launches Red Sea Force as ships reroute to avoid Houthi attacks and Defense Secretary Lloyd Austin stated that the US army is leading a multinational operation to safeguard commerce in the Red Sea as attacks by Iran-backed Yemeni Houthi militias forced more major shipping companies to reroute from the Red Sea to the Cape of Good Hope around Africa.

The Houthi attacks have stepped up the missile and drone attacks they began last month against international vessels sailing through the Red Sea، in response to Israel's assault on the Gaza Strip and these attacks forced oil major BP and a slew of freight firms including Maersk to divert shipments normally made through the Suez Canal around the Cape of Good Hope، adding days to journey times and incurring higher costs.

Shipping companies are diverting cargoes as Iran-backed Houthi militants attacked commercial vessels

Shipping companies are diverting cargoes after Iran-backed Houthi militants attacked commercial vessels plying the Red Sea and the vessels will have to sail around Africa instead of taking the shorter route through the Suez Canal and the attacks in the Red Sea linked to the Israel-Hamas war، cause shipping delays and drive up the price of goods، bringing a new inflation risk to the economy.

Israel's 10-week-old war with Hamas، the Palestinian group that controls Gaza، has drawn in the United States and its allies on the side of Israel، and Iran with its proxy forces on the side of Hamas، risking a wider regional conflict so that the Houthi attacks have stepped up the missile and drone attacks on the carriers and container ships linked to srael.

Shipping companies continued to reroute around Africa until further notice

Shipping companies continued to reroute such as Denmark's Maersk، which had paused Red Sea shipping، said it would sail its ships around Africa until further notice when a solution enabling a return to using the Suez Canal and transiting through the Red Sea and Gulf of Aden will be introduced in the near future، but at this time it remains difficult to determine exactly when this will be.

The Houthi fighters have threatened to target all ships heading to Israel، regardless of their nationality، and warned international shipping companies against dealing with Israeli ports that they have also fired missiles at Israel more than 1،000 miles awaythat thay threaten about 12% of world shipping traffic normally transits via the Suez Canal، the shortest shipping route between Europe and Asia، passing then as well into the Red Sea waters off Yemen.