from ZeroHedge:
Major shipping companies are rerouting vessels from the Red Sea to the Cape of Good Hope to avoid Houthi drone and missile attacks. New shipping data indicates a significant decrease in commercial vessel activity on the critical global trade corridor connecting to the Suez Canal, responsible for 12% of international trade and almost one-third of global container traffic.
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Bloomberg data shows only a handful of container ships with destinations in Europe or Asia are sailing through the once-busy Red Sea. These vessels are being rerouted around the Cape of Good Hope.
New data from Clarkson Research Services Ltd. shows an 82% plunge in the gross tonnage of container ships arriving in the Gulf of Aden in the last four days, compared with the first half of December, according to Bloomberg.
On Wednesday, logistics company Kuehne + Nagel International AG reported at least 100 container ships were rerouted around the Cape of Good Hope. That number is likely higher at the end of the week.
Every containership over 8,000TEUs, except for one, have turned from the Bab el-Mandeb.
This means that all the major ocean container lines have abandoned the region even after the @DeptofDefense and @CENTCOM have announced Op Prosperity Guardian. pic.twitter.com/kHNMPwx6fP
— Sal Mercogliano (WGOW Shipping) 🚢⚓🐪🚒🏴☠️ (@mercoglianos) December 20, 2023
