Carriers

Houthi attacks add USD 22bn to valuations of shipping companies

Assaults on ships as they sail through the Red Sea are driving up the shares of firms transporting everything from manufactured goods to oil and commodities.
The Galaxy Leader cargo ship is escorted by Houthi boats in the Red Sea in this photo released November 20, 2023. | Photo: Houthi Military Media/Reuters/Ritzau Scanpix
The Galaxy Leader cargo ship is escorted by Houthi boats in the Red Sea in this photo released November 20, 2023. | Photo: Houthi Military Media/Reuters/Ritzau Scanpix
By Alex Longley, Bloomberg

The combined market capitalization of the world’s largest publicly traded shipping companies has jumped by about USD 22bn since Dec. 12, when the assaults really ramped up. 

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