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Red Sea Shipping Attacks Having An Effect

2 minute read
Last Update Aug 26, 2024
1st Released Dec 18, 2023
6 Comments
Oil Industry

One after another shipping companies are choosing to not put their staff, cargo and equipment in danger through the Red Sea shipping channel. This main route for shipping companies has seen multiple attacks in recent weeks.

Like many Arab nations and groups, Houthi rebels are unhappy with the devastating and deadly Israeli counter offensive in response to the horrific Hamas terrorist attacks of 7th October 2023.

The southern Red Sea and out in to the Arabian Sea have become a target area for Houthi rebels that control much of the Yemeni Red Sea coast. They appear to be targeting any ship that has any connection to Israel. This connection could be in the form of ship ownership or cargo destined for Israel.

Oil giant BP is the latest company to suspend shipping in the area. This follows shipping conglomerate Evergreen's decision to stop taking on board any cargo destined for Israel that would travel through the Red Sea. Many other companies have taken a similar stance. Many others are looking at the situation very carefully.

The alternative route is appropriately 5500 miles (9000Km) extra, south round the horn of Africa. Adding over a week on to the shipping time. This costs a lot more in fuel, which amounts to over half the shipping cost. Other expenses will also rise, for example staff wages and insurance premiums. As always, end consumers will ultimately foot the bill for these extra costs. It is also environmentally more damaging.

About The Author

Mike Oday  
Chewells Contributor

Mike has been heavily involved in the marine environment all his life. From learning to sail as... »

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Replies

This Post Has 6 Comments.
  • Urian Udell (Mar 7, 2024)
    Latest missile attack in the Gulf of Aden has unfortunately caused causalities. Two sea farers have been killed and six others have been injured. The vessel they were on has been abandoned.
  • Aba Selassie (Contributor) (Dec 19, 2023)
    With a massive international Naval force thundering down their backyard, the Houthis have indicated that if there are some humanitarian concessions in Palestine, they may think about stopping their irritable activities.
  • Roxy (Dec 18, 2023)
    They are attacking ships at random. Some have been hit that have nothing to do with Israel.
  • Lorenzo (Dec 18, 2023)
    Bab-el-Mandeb translates as Gate of Grief or Tears!
  • Aba Selassie (Contributor) (Dec 18, 2023)
    Around 10% of the world's shipped oil travels through this area. Any problems here have a knock on effect for the oil price. Not long after BP announced they were suspending shipping through the Red Sea, the oil price went up!
  • Clare Marshall (Contributor) (Dec 18, 2023)
    Bab-el-Mandeb is a narrow channel that all ships need to navigate during their passage through the Red Sea. Although it is approximately 20 miles (32Km) wide, the navigable section for large vessels is less than 2 miles (3Km) wide. All north and south bound shipping must squeeze through this area. It is also close to Houthi controlled land in Yemen. Many of the shipping attacks have been concentrated in this area.

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