by Brian Shilhavy, Health Impact News:
There can be no doubt now that we are in the beginning phase of WW III, as a full-blown Naval War has broken out in the Red Sea that threatens global trade.
Here are some recent news reports explaining how dire the situation has become:
Add Taiwanese container shipping line Evergreen and Belgian tanker owner Euronav to the growing list of major shipping firms halting all sails through the Red Sea strait. This brings the total to seven.
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Also, the UK Navy disclosed more details regarding today’s incident in the Red Sea, reporting that an explosion hit the side of a commercial vessel near Yemen. The Norwegian owner of the ship confirmed that an “unidentified object” had impacted the vessel on the port side.
Bloomberg reports:
- YEMEN HOUTHIS SAY THEY ATTACKEDMSC CLARA CONTAINER SHIP
- YEMEN HOUTHIS CLAIM THEY ALSO ATTACKED SWAN ATLANTIC OIL TANKER
Between 10% and 12% of global trade passes through the Red Sea each year.
Red Sea is now largely closed to traffic. That’s 8.8 million bpd of daily oil transit, and nearly 380 million tons of daily cargo transit.
Global traffic now will be rerouted around Cape of Good Hope, adding 40% to voyage distance (and even more to cost) pic.twitter.com/Xct7x03tFI
— zerohedge (@zerohedge) December 18, 2023
Suez update: 46 container ships now have diverted around the Cape of Good Hope rather than transiting the Red Sea. pic.twitter.com/4zaTXn3LO1
— Ryan Petersen (@typesfast) December 18, 2023
All the chaos in the Red Sea has forced London maritime insurers to expand war risk coverage to the area.
The number of major shipping firms halting all commercial sailings through the highly trafficked Red Sea strait has increased to five from four in response to missile and drone attacks by Yemen’s Iran-backed Houthis.
Bloomberg reports that energy giant BP Plc is the latest shipper to pause all tanker sailings through the strategic Bab al-Mandab strait due to Houthi militants.
“In light of the deteriorating security situation for shipping in the Red Sea, BP has decided to temporarily pause all transits through the Red Sea,” BP said in a statement.
Besides BP, Maersk, Hapag-Lloyd, CMA CGM, and Mediterranean Shipping Company have all paused commercial vessel operations through the Red Sea that connects to Egypt’s Suez Canal.
Spillover risks of the Israel-Hamas war are quickly building, as the Red Sea is responsible for 10% of the world’s international trade.
Over the weekend, US Central Command wrote in a post on X that the Burke-class guided-missile destroyer USS Carney shot down 14 Houthi drones in the Red Sea.
On Monday morning, the UK Navy said it received a report of a possible explosion on the water about 30 miles south of Port Mokha, Yemen.
The chaos has caused some shippers to divert vessels around the Cape of Good Hope to avoid the conflict area.
Read the full article on ZeroHedge.com.
Pentagon Launches “Operation Prosperity Guardian”
Long-range ballistic missiles in Yemen. Source.
It was announced today that the United States was launching “Operation Prosperity Guardian”, a new military operation in the Red Sea.
‘Operation Prosperity Guardian’ – Pentagon To Launch Expansive Naval Coalition To Defend Red Sea Passage
A US-led naval coalition is finally coming together to protect international shipping transit in the Red Sea and vital Bab al-Mandab Strait, per a breaking development from Politico’s chief Pentagon correspondent: “The Pentagon is expected to announce tomorrow the formation of Operation Prosperity Guardian, a new task force to protect shipping from Houthi attacks in the Bab Al-Mandeb Strait and Red Sea, per DOD official,” writes Lara Seligman on X.
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