Red Sea Passage Remains a No-Go for Shipping Despite U.S. Action

Red Sea passage remains a no-go for shipping despite US action

Traffic through the Suez Canal is down 60 per cent since 2023 when the Houthis started targeting ships. Read more at straitstimes.com.

Red Sea Passage Remains a No-Go for Shipping Despite U.S. Action

The largest commercial shipping companies continue to avoid the Red Sea and the Suez Canal, despite a recent ceasefire agreement between the United States and Houthis intended to make the trade lanes safer.

Red Sea Shipping Rebounds: Oil and LNG Flows Rise Amid Houthi Ceasefire

The Red Sea, a critical artery for global energy trade, is witnessing a resurgence in oil and liquefied natural gas (LNG) shipping following a slowdown in Houthi attacks. Since November 2023, Yemen’s Iran-backed Houthi rebels disrupted maritime traffic through the Bab al-Mandeb Strait, targeting vessels in response to the Israel-Hamas conflict. However, a U.S.-Houthi ceasefire and reduced attack frequency since August 2024 have led to a 60% incr…