Freitos CEO Zvi Schreiber shares his thoughts on the Red Sea attack navigation and how some ships are changing course on “The Craman Countdown.”
Shipping giant Maersk said on Tuesday it would suspend operations in the Red Sea “until further notice” following renewed attacks last weekend by Iranian-backed Houthi rebels in Yemen.
“We have decided to suspend all shipping through the Red Sea/Gulf of Aden until further notice,” the Danish company said in a statement to customers. “Where it makes the most sense for our customers, the vessel will reroute and continue its journey around the Cape of Good Hope.”
Huge gantry crane and unloading cargo ship at Haifa Container Port in Israel. (Planet One Images/UCG/Universal Images Group via Getty Images / Getty Images)
Maersk announced last week that it is ready to resume shipping its ships to the Red Sea thanks to the launch of a US-led international naval operation to protect ships from attacks by Houthi rebels.
Oil prices rise after US strikes back against Houthis in Red Sea
Yemen-based Houthi rebels have been attacking commercial ships in the Red Sea for months in retaliation for Israeli attacks on the Hamas-controlled Gaza Strip. The attack has caused major disruption to shipping, causing many companies to suspend or reroute shipments around the Cape of Good Hope, increasing costs and delays.
Maersk suspended all Red Sea navigation for 48 hours following another attack on Saturday. The company indicated on Monday that it would resume shipping after the suspension period ends, but then reversed course.
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“We remain committed to minimizing the impact on our customers' supply chains and will continue to provide updates on the situation,” the company said.
Fox News has reached out to Maersk for the latest information.
