Carriers

Pirate and Houthi attacks halve sea freight through the Suez Canal

The many attacks on ships in the Red Sea and recent pirate attacks have led to delays and higher freight rates, according to Bimco.
The image from March 7 shows the cargo ship Rubymar partially sunk off the coast of Yemen. Dry cargo ships went down off Yemen after a Houthi missile attack and pose a serious environmental risk as thousands of tons of fertilizer threaten to spill into the Red Sea, officials and experts warn. | Photo: Khaled Ziad
The image from March 7 shows the cargo ship Rubymar partially sunk off the coast of Yemen. Dry cargo ships went down off Yemen after a Houthi missile attack and pose a serious environmental risk as thousands of tons of fertilizer threaten to spill into the Red Sea, officials and experts warn. | Photo: Khaled Ziad
by DAG HOLMSTAD

Due to numerous missile and drone attacks on cargo ships, shipping companies have largely opted out of sailing through the Red Sea and the Suez Canal.

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