The Red Sea crisis has led to significant disruptions in global shipping, with many vessels rerouting away from the region due to escalating tensions and attacks by Yemen's Houthi rebels. Shipping companies like Hapag-Lloyd, Evergreen Line, and Maersk are diverting their vessels to avoid the Red Sea, resulting in added costs and delays for suppliers and retailers. The United States has launched a new maritime force in response to the attacks, but many allies are reluctant to be associated with it. The situation has also prompted the US to sanction alleged conduits of Iranian funds to the Houthi rebels. Denmark has agreed to send a frigate to participate in the US-led Red Sea operation in January 2024, and the shipping industry in Denmark has agreed to double wages for crew sailing through the Red Sea due to the increased security concerns.
Container time charter rates pushed up this week as operators seek out vessels willing to transit Red Sea Per Maersk Broker $GSL https://t.co/bJn9fWuGjb
BREAKING: Japan’s largest shipping companies say vessels with links to Israel will be avoiding the Red Sea area
Denmark to send frigate to U.S.-led task force in Red Sea https://t.co/QsANjbkL51 https://t.co/DFO9kWaU0z
Live update: Denmark to dispatch frigate to Red Sea as part of US-led naval mission https://t.co/NSKTFQ4JUB . Click to read ⬇️
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Everyone should read this, especially libertarians re: first half of the article Only caution I’d offer to @Ayaan is that becoming a Christian is so much more than merely joining a religion to save civilization, however important that may be Much to think about in this piece https://t.co/fF8cb5JW8E
#Denmark will send a frigate to participate in the #US-led Red Sea operation in January 2024, the Danish defense minister says. https://t.co/QAsmbylvuh
⚠️ DENMARK TO SEND FRIGATE TO U.S.-LED TASK FORCE IN RED SEA Denmark will send a frigate to participate in the U.S.-led Red Sea operation in January 2024, the Danish Defence Minister said on Friday. Several countries, led by the United States, on Monday agreed to patrol the…
#Denmark to send frigate to #US-led task force in #RedSea https://t.co/AkMEDYWV82
Denmark announces its intention to send a frigate to the Red Sea as part of a naval force led by the United States to protect navigation. https://t.co/Sph17xYrtK
Danish shipping industry agrees to double wages for Red Sea crew amid rising security concerns https://t.co/XV622ay0yx https://t.co/B6adyJU5R6
Red Sea attacks mean double wages for Danish crew https://t.co/DnML7bjvnm via @CHRWIENBERG https://t.co/bGoObDiXoI
U.S. Navy ready to strike Iranian-backed forces in Yemen if ordered, officials say. https://t.co/f9dTZicplT
The US military is trying to reassure shipping companies that a multinational force is making it safe to sail through the Red Sea and Suez Canal even though attacks from Yemen-based Houthi rebels show no sign of stopping. https://t.co/hKN9ZbFbBU via @CMcBinDC @DanielPFlatley https://t.co/kPJQM99NJt
Live update: Germany’s Hapag-Lloyd, Japan’s 2 largest shipping firms to keep avoiding Red Sea https://t.co/0cUHWy6LZi . Click to read ⬇️
Europe-bound diesel, jet fuel cargoes divert from Red Sea https://t.co/6yieA3cSjM https://t.co/p1tCquqjbD
Rather than add options for the President, this may actually be taking some off his table against the Houthis… and may embolden more attacks against shipping in the Red Sea. Playing defense and reactive diplomacy is clearly not working in the region: https://t.co/m9xqtZwOvZ https://t.co/RLjmnHYbcT
Iran-Backed Houthis Fired Ballistic Missiles at American Ships Again https://t.co/LrUXzx4fs2
"India carefully evaluating all aspects of unfolding situation in Red Sea": MEA Read @ANI Story | https://t.co/5UQQqkrGgj #MEA #RedSea #shippingvessels https://t.co/LZYTjLdGKU
A Houthi win: Ships in the Red Sea signal "no contact Israel" @ElmasDean https://t.co/VjTpxwsNvD
Half of the container ship fleet that regularly transits the Red Sea and Suez Canal is now avoiding the route because of the threat of attacks in the region https://t.co/00qbp8L7QS via @b_muzz @alexlongley1 https://t.co/hdiI3MmyTM
US Tries to Persuade Shippers to Sail Red Sea Despite Houthi Attacks - BBG https://t.co/pYRaGDuSPO
The shipping industry in Denmark, home to some of the world’s largest firms, agrees to double wages for crew sailing through the Red Sea to compensate for the danger posed by the recent attacks https://t.co/NVQp9CQwdg
Excellent excellent article by @battleforeurope . Really super important to understand. Regardless of your political perspective, this is an incredibly important look at what giving up your nation's monetary sovereignty will do to you. Sometimes, the "good guys" aren't so good. https://t.co/NErMF81DDi
.@Bloomberg on the Red Sea crisis, reporting that some ships have begun broadcasting that they have no ties to Israel to secure safe passage. @alexlongley1 & @b_muzz: https://t.co/yyQDlD63zN https://t.co/eBXqxR8PlV
The White House's push to create a strategy to counter Islamophobia is facing reluctance amid a spike in hate-fueled incidents against Arab and Muslim Americans since Hamas' Oct. 7 attack on Israel. https://t.co/bNOO1g9FtT
Red Sea traffic is down by half • 299 vessels have either changed course or plan to • Double the number from a week ago • Equates to about 18% of global capacity https://t.co/ZQI9RufQQI https://t.co/sE2KFWkg4O
BREAKING: US military says it shot down a drone and an anti-ship ballistic missile in the Red Sea that 'were fired by the Houthis'
The US is trying to persuade shipping companies to sail through the Red Sea and Suez Canal even though attacks from Houthi rebels show no sign of stopping https://t.co/Ds8G4JotJN
The United States announced the launch of a new international maritime force in response to Yemen's Houthi attacks on Red Sea shipping. But just over a week after the launch, many US allies don't want to be associated with it publicly, or at all https://t.co/OGzdSVltZd https://t.co/0az7T1dTqG
So far ~920,000 TEU containers have diverted south of Africa and another ~1,002,000 are delayed in the Suez area. https://t.co/HCbbOfy4rZ
In its latest response to attacks on shipping by the Houthis, the US sanctioned an individual and three currency exchange houses it accused of facilitating the flow of Iranian financial assistance to the Yemeni movement https://t.co/CRExcwartr
U.S. Sanctions Network Funding Houthis In Response To Red Sea Attacks https://t.co/UMfuq0s7Uo https://t.co/MxtALuF2FZ
Biden hoped to present a firm international response to Yemen's Houthi attacks on Red Sea shipping by launching a new maritime force, but a week later allies don't want to be associated with it, partly because of widespread anger over Israel's war on Gaza https://t.co/OGzdSVltZd https://t.co/7yC5NV4NWt
US cracks down on money flow to Iran-backed Houthis https://t.co/jdTzB9IUpm
US targets flow of Iranian funds to Yemen's Houthis over attacks https://t.co/xwEhZZMfYF https://t.co/qeAlb3aPJt
⚠️ U.S. SANCTIONS ALLEGED CONDUITS OF IRANIAN FUNDS TO YEMEN'S HOUTHIS - In its latest response to attacks on shipping by the Houthis, the United States on Thursday sanctioned an individual and three currency exchange houses that it accused of facilitating the flow of Iranian… https://t.co/4KUvYIfEi6
Half of Red Sea container-ship fleet avoids route after attacks https://t.co/SauoYBcC6h via @buiness
Oil prices slide as Red Sea transport disruptions ease - Reuters https://t.co/9TN4tgT1qd
US allies reluctant on Red Sea task force - Reuters https://t.co/wREYU3Fm5u
"The tally compiled by @flexport shows 299 vessels with a combined capacity to carry 4.3 million containers have either changed course or plan to" 299 Containerships Reroute to Avoid the Red Sea, Doubling in Number from Last Week https://t.co/6KB2VAQ2TY
Container liners still the primary impact of re-routing away from the Red Sea. https://t.co/vl50ilqigF
Suppliers for the likes of IKEA, Home Depot, Amazon and retailers around the world are racing to reroute cargo away from the Suez Canal following militant attacks on vessels in the Red Sea https://t.co/4T1vaFVyub
Half of Red Sea Container-Ship Fleet Avoids Route After Attacks The tally compiled by Flexport Inc. shows 299 vessels with a combined capacity to carry 4.3 million containers have either changed course or plan to. That’s about double the number from a week ago and equates to… https://t.co/zTnOQ61WDY
US President Joe Biden hoped to present a firm international response to Yemen's Houthi attacks on Red Sea shipping by launching a new maritime force, but a week after its launch many allies don't want to be associated with it https://t.co/erio2LUumg
Half of the Red Sea’s container-ship fleet avoids route after attacks https://t.co/dTAFqSwXaD via @b_muzz @alexlongley1 https://t.co/XzGrjgGuOA
⚓️ US ALLIES RELUCTANT ON RED SEA TASK FORCE (Reuters) U.S. President Joe Biden hoped to present a firm international response to Yemen's Houthi attacks on Red Sea shipping by launching a new maritime force, but a week after its launch many allies don't want to be associated… https://t.co/QR6fbeqPdJ
⚓️ As of Wednesday, nearly 20% of the global container fleet - or 364 hulking container vessels capable of carrying just over 2.5 million full-sized containers - had been set on a new course due to the Red Sea attacks, according to Kuehne + Nagel data. https://t.co/3fTbRrRH0d
⚓️ RED SEA SHIPPING WORKAROUNDS ADD COSTS, DELAYS FOR SUPPLIERS, RETAILERS Toymaker Basic Fun's team that oversees ocean shipments of Tonka trucks and Care Bears for Walmart and other retailers is racing to reroute cargo away from the Suez Canal following militant attacks on… https://t.co/krZtPYd6s8
Yet at the same time they are saying interest rates will be lowered as the US Navy try to stop a blockade of the Suez Canal and conflict heats up in the Middle East. 🧠 https://t.co/iw4FGota8b
Yet at the same time they are saying interests rates will be lowered as the US Navy try to stop a blockade of the Suez Canal and conflict heats up in the Middle East. 🧠 https://t.co/E4HTOBwCW4
Refiners in India are seeking to boost oil supplies from the Middle East and other nearby nations as recent attacks on ships in the Red Sea raise the risk of longer shipping time and higher costs, sources say https://t.co/AQ5cbewLOt
US allies reluctant on Red Sea task force https://t.co/ZzxWREWzSg https://t.co/TLek9pBB7r
Red Sea shipping workarounds add costs, delays for suppliers, retailers https://t.co/vQBUyrOluV https://t.co/1CVH2w9FAr
Denmark's Maersk has scheduled several dozen container vessels to travel via the Suez Canal and the Red Sea in the coming days and weeks, in a further sign that global shipping firms are returning to the route. German rival Hapag-Lloyd still considers the situation too dangerous… https://t.co/xvzgdxs6VS https://t.co/wagrR5Qa1K
⚠️ RED SEA SHIPPING WORKAROUNDS ADD COSTS, DELAYS FOR SUPPLIERS, RETAILERS Full Story → https://t.co/YvRXGKBH2Z https://t.co/8Er60JQ3uc
The situation in the Red Sea is unstable, and #shipping companies have different attitudes about returning to the #RedSea. Hapag-Lloyd and Evergreen Line said they will continue to divert to Africa's Cape of Good Hope; Msc Mediterranean shipping company also said it would…
🛢️ OIL PRICES RISE AMID FEARS OVER ESCALATING TENSIONS IN MIDDLE EAST Oil prices rose in early Asian trade on Thursday as persistent fears over escalating tensions in the Middle East outweighed easing concerns about transport disruptions as some global shipping firms said they… https://t.co/c9T5rbxMCk https://t.co/plvu7nHsea
Starting to suspect the Red Sea crisis was engineered by Big Containership to maintain their COVID crisis era profits. Cui bono? I’m just saying… 🤔 https://t.co/zeZRBdbj4S
Starting to suspect the Red Sea crisis was engineered by Big Containership to maintain their COVID crisis era profits. Cuo bono? I’m just saying… 🤔 https://t.co/zeZRBdbj4S
A great article by @mercoglianos that raises several important questions about the protection of shipping in the Red Sea. If you read only one article about #OperationProsperityGuardian, read this 👇 https://t.co/ygUx5DRZcs