Global Economy

More shipping giants suspend passage via Red Sea after attacks

The "CMA CGM Palais Royal", the world's largest container's ship powered by natural gas, sails in the bay of Marseille, southern France, on December 14, 2023. AFP file photo

Two more major shipping firms, Mediterranean Shipping Company and CMA CGM, said on Saturday they were suspending passage through a Red Sea strait vital for global trade, after Yemeni rebel attacks in the area.

The announcement by Italian-Swiss giant MSC and France's CMA CGM follows a similar decision on Friday by two of the world's largest shipping companies, Maersk and Hapag-Lloyd, in response to a warning by the Iran-backed Huthi rebels.

The Huthis, who control much of Yemen but are not recognised internationally, said they were targeting vessels near the strategic Bab al-Mandab strait to pressure Israel over its devastating war with Palestinian Hamas militants in the Gaza Strip.

Forty percent of the world's international trade transits through the strait, which runs between Yemen, on the southwestern tip of the Arabian Peninsula, and the African continent.

The tensions have added to fears that the Gaza conflict could spread.

An American destroyer on Saturday shot down more than a dozen drones in the Red Sea launched from Huthi-controlled areas of Yemen, the US Central Command (CENTCOM) said.

And the UK government said one of its destroyers had also brought down a suspected attack drone in the area.

MSC, one of the world's largest freight shipping lines, said one of its container vessels had been targeted in the Red Sea on Friday and it was halting traffic through the strait until it was safe.

No one on the MSC Palatium III was wounded but the ship suffered fire damage, the company said.

CMA CGM said it had ordered all its vessels to leave the area and stay there until further notice.

"The situation continues to deteriorate and there are increasing concerns about security," it said.

Comments

More shipping giants suspend passage via Red Sea after attacks

The "CMA CGM Palais Royal", the world's largest container's ship powered by natural gas, sails in the bay of Marseille, southern France, on December 14, 2023. AFP file photo

Two more major shipping firms, Mediterranean Shipping Company and CMA CGM, said on Saturday they were suspending passage through a Red Sea strait vital for global trade, after Yemeni rebel attacks in the area.

The announcement by Italian-Swiss giant MSC and France's CMA CGM follows a similar decision on Friday by two of the world's largest shipping companies, Maersk and Hapag-Lloyd, in response to a warning by the Iran-backed Huthi rebels.

The Huthis, who control much of Yemen but are not recognised internationally, said they were targeting vessels near the strategic Bab al-Mandab strait to pressure Israel over its devastating war with Palestinian Hamas militants in the Gaza Strip.

Forty percent of the world's international trade transits through the strait, which runs between Yemen, on the southwestern tip of the Arabian Peninsula, and the African continent.

The tensions have added to fears that the Gaza conflict could spread.

An American destroyer on Saturday shot down more than a dozen drones in the Red Sea launched from Huthi-controlled areas of Yemen, the US Central Command (CENTCOM) said.

And the UK government said one of its destroyers had also brought down a suspected attack drone in the area.

MSC, one of the world's largest freight shipping lines, said one of its container vessels had been targeted in the Red Sea on Friday and it was halting traffic through the strait until it was safe.

No one on the MSC Palatium III was wounded but the ship suffered fire damage, the company said.

CMA CGM said it had ordered all its vessels to leave the area and stay there until further notice.

"The situation continues to deteriorate and there are increasing concerns about security," it said.

Comments

ঢাকা-ইসলামাবাদ সম্পর্ক এগিয়ে নিতে পাকিস্তানকে ১৯৭১ ইস্যু সমাধানের আহ্বান ড. ইউনূসের

মিশরে ডি-৮ শীর্ষ সম্মেলনের ফাঁকে পাকিস্তানের প্রধানমন্ত্রী শাহবাজ শরীফের সঙ্গে সাক্ষাতের সময় তিনি এ আহ্বান জানান।

৪৭ মিনিট আগে