For months, Houthi rebels have attacked marine traffic in the Red Sea – and more recently in the Indian Ocean – in protest of Israel’s conflict with Hamas in Gaza. The Houthis argue that they are targeting Israeli-owned ships or those that are bringing goods into Israel, although non-Israel affiliated ships have been attacked as well. The threat has increased shipping rates, as some maritime traffic has moved away from the Red Sea and is traveling the longer route around Africa to avoid potential confrontation with Houthi rebels, using more fuel for the longer route and taking more time to complete their voyage.
Read Full Article »
