Due to Houthi attacks on cargo ships, traffic through the Suez Canal has dropped to a record low, The Economist writes about a new Suez crisis

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Due to Houthi attacks on cargo ships, traffic through the Suez Canal has dropped to a record low, The Economist writes about a new Suez crisis

An increasing number of commercial shipping companies are abandoning navigation in the Red Sea. Vessel traffic through the Suez Canal has dropped to a record low over the past two weeks. According to the most conservative estimates, this decrease exceeded 30%. Moreover, the largest number of sea carriers who refused navigation in the Red Sea are in one way or another connected with the delivery of goods to Israel or from Israel. All this is connected with attacks on commercial ships by the Houthis.

As The Economist writes, “a new Suez crisis threatens the global economy.” And this crisis is associated precisely with the fears of shipowners to send their ships to the Red Sea due to the military activity of the Yemeni group. Recall that the Houthis announced a declaration of war on Israel because of its actions against Palestine. The group also targets commercial vessels carrying cargo to or from Israel.



The Economist:

Bab el Mandeb is a narrow strait between Africa and the Arabian Peninsula, through which about 12% of global trade by volume and perhaps 30% of global container traffic typically passes. It has become a no-go zone as the Houthis, based in Yemen, attack ships allegedly supporting Palestinians in the Gaza Strip. The attacks have been going on for several weeks, but now everything has escalated sharply.

The publication writes that carriers such as Maersk and Hapag-Lloyd have already abandoned this route. Now they are joined by Palatium III, as well as MSC. The companies' management said they would resume shipping in the Red Sea "only when it becomes safe there." This is despite the fact that the mentioned companies account for 53% of all container traffic volumes in the world. Now sea carriers of oil and bulk solids (for example, grain, coal, etc.) can join them.

For now, companies have to use a much longer route to implement contracts – through the Cape of Good Hope, and this means additional costs. The Economist writes that this could lead to a collapse in global trade.

Representative of the International Institute for Strategic Studies Fabian Hinz:

The Houthis have huge arsenals of anti-ship missiles, including those with a range of up to 800 km.

Western economists have calculated that a drop in shipping traffic through the Suez Canal by a third could cost approximately $2,5 billion in additional costs in just one day. And so far no one in the West has a clear answer to the question of how to fix all this.
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  1. +17
    17 December 2023 19: 22
    And so far no one in the West has a clear answer to the question of how to fix all this.

    Well, the recipe is very simple: Israel implements the UN resolution on a Palestinian state, withdraws its occupation forces from the Golan Heights and the West Bank of Jordan, and of course leaves the Gaza Strip alone; The Houthis stop attacking ships in the Red Sea. Something like this... seems like nothing complicated :)
    1. +16
      17 December 2023 19: 24
      Nooo... Let everything be transported through the Northern Sea Route. It's more reliable.
    2. +12
      17 December 2023 19: 40
      When the burning container ship "Maersk Gibraltar" is shown, an advertising insert should follow: "The Northern Sea Route is reliable, closer, and safer! Contact: NSR Murmansk Administration"... Well done Houthis! They act, and don’t just chatter about “concerns”, like some...angry
    3. +5
      17 December 2023 20: 17
      The Jews will also have to, in addition to all of the above, cover all losses from the reduction in traffic along the Red Sea! What then?
      1. +2
        17 December 2023 20: 28
        Probably the Houthis are not aware that they transport goods from China to Eilat via Suez.
        If, due to the fault of the Houthis, my former neighbor Aunt Emma, ​​who left for her historical homeland 15 years ago, does not receive her new case with rhinestones for her phone, then I personally do not envy them. wassat wassat wassat
        1. +1
          18 December 2023 02: 30
          Quote: Black
          my former neighbor Aunt Emma, ​​who left for her historical homeland 15 years ago, will not receive her new case with rhinestones for her phone

          It turns out that she is the main victim of the war... lol
      2. +3
        17 December 2023 20: 36
        The main loser, along with the four main carriers in the world, still seems to be Egypt, whose losses in fees for the passage of ships through the Suez Canal will only grow. For the near future, for sure.

        After all, these fees brought considerable income to the Egyptian economy. Bringing approximately 10 billion US dollars annually to the country's budget.

        In November, compared to October, revenues dropped by almost $26 million.
        1. +1
          17 December 2023 22: 30
          Vessel traffic through the Suez Canal has dropped to a record low over the past two weeks. According to the most conservative estimates, this decrease exceeded 30%.

          Recall that the Houthis announced a declaration of war on Israel because of its actions against Palestine. The group also targets commercial vessels carrying cargo to or from Israel.

          That is, more than 30% of all traffic through the Suez Canal are ships that are carrying something to or from Israel? Isn't it too much for such a country?
          1. 0
            18 December 2023 07: 25
            Everything is simpler, ships calling at the port of Mariupol (it is under sanctions as a port lost by Ukraine) are declared “toxic”, which is why it is not working now. So are the ports of Israel, if a ship (the owner company as a whole) has visited there before, it means the Houthis are attacking it.
        2. 0
          18 December 2023 11: 46
          Quote: alystan
          Egypt is still seen as the main loser, along with the four main carriers in the world.

          Egypt will suffer losses. This is true.
          Also KSA, whose money is used to solve many issues in Egypt.
          But there is a nuance not on the surface.

          The publication writes that carriers such as Maersk and Hapag-Lloyd have already abandoned this route. Now they are joined by Palatium III, as well as MSC. The companies' management said they would resume shipping in the Red Sea "only when it becomes safe there." This is despite the fact that the mentioned companies account for 53% of all container traffic volumes in the world.

          Containers are not an easy thing. They have not yet been loaded onto these container ships, but they are already planned for cargo from the ports where the ships go. These chains are quite long.
          One of the main problems of Covid was the imbalance in container movement.
          Before Covid, a container from China cost $700. Now it reaches $18.
          And the blockade will jeopardize all container exports from Israel and the EU.
          A terrible dream on a winter night.
          Therefore, there are rumors about a coalition of countries that will attack the Houthis.

          The anti-Yemen coalition, Operation Prosperity Guardian, will be similar to Task Force 153, U.S. officials say.

          Members of Task Force 153:
          U.S.
          Egypt
          Saudi Arabia
          United Arab Emirates
          Israel
          France
          Italy
          Germany
          United Kingdom
          Turkey
          Jordan
          Bahrain
          Oman
          Qatar

          The list of countries is eloquent. They all suffer losses, one way or another.
          There is a rumor that the attack will take place on Wednesday.
          1. 0
            19 December 2023 08: 39
            US Defense Secretary Lloyd Austin officially announced the multinational Operation Guardian of Prosperity to protect trade routes in the Red Sea from Houthi attacks.

            Austin announced that all participating countries would conduct patrol operations in the Red Sea and Gulf of Aden. Participating in the operation UK, Bahrain, Canada, France, Italy, Netherlands, Norway, Seychelles and Spain.

            Despite all efforts, the United States failed to attract most Arab countries to attack Yemen. Germany and Israel also “slipped”.
    4. 0
      17 December 2023 22: 24
      Houthi attacks on cargo ships have sent traffic through the Suez Canal to a record low.

      bully
      Death to cockroaches
      Death to the parasites!
      Ghetto for Jews
      Freedom for the Houthis!
      Well, and America -
      Eggs with pepper!
      We are "not against" Jews -
      We are for the Indians!... :))
    5. +1
      18 December 2023 02: 51
      The attacks have been going on for several weeks, but now everything has escalated sharply.
      ...
      And so far no one in the West has a clear answer to the question of how to fix all this.

      It looks like the answer is looming, because... The United States has sent three more destroyers to the Mediterranean Sea, which could then head to the Red Sea. This is in addition to the fact that a few days ago the Pentagon transferred its aircraft carrier Eisenhower from the Persian Gulf to Aden.

      The Israeli Kan channel, in turn, reported that the US Secretary of Defense is going to Israel, where he will announce the details of the military operation against the Houthis called “Guardian of Prosperity.”

      According to US officials, the anti-Yemen coalition will be similar to Task Force 153 (CTF 153), which was created on April 17, 2022, as one of five such groups of the CMF (the world's largest naval partnership), uniting military contingents from 34 countries.

      Composition of CTF 153:
      - United States
      - Egypt
      - Saudi Arabia
      - United Arab
      - Emirates
      - Israel
      - France
      - Italy
      - Germany
      - United Kingdom
      - Turkey
      - Jordan
      - Bahrain
      - Oman
      - Qatar

      Area of ​​responsibility - Red Sea, from Suez to the Gulf of Aden. According to the commander of the OMS, Vice Admiral Brad Cooper, the group’s operational area of ​​control actually ends at the Oman-Yemen border, and CTF 153 focuses on the most important trade routes and their key geostrategic points, which are critical to maintaining the free movement of goods in the region.

      The control center of CTF 153 is located in Manama (Bahrain).

      As of December 12, 2023, command of CTF 153 passed to Egypt.

      Everything looks like the West, led by the United States, created compulsory health insurance ahead of time. And the CTF 153 group appeared exactly a year and a half before the start of the mess in the Gaza Strip. And here, in addition to it, another coalition is being created, but this time against Yemen, which apparently has “confused” all their cards and is now forcing them to act a little in a hurry.
      1. 0
        18 December 2023 07: 28
        They've already come up with a menacing name like "green whistle" lol
        By the way, why doesn’t our military operation of the Northern Military District have a formidable name?
    6. 0
      18 December 2023 05: 49
      Here you need to understand one simple thing: in the West no one is going to take other people’s opinions into account. Israel is also a part of the Western world, geographically located in the East. This is a kind of fortpost of American interests in the region.
      They don’t even understand how their great and mighty fishermen began to hollow them. Moreover, it is extremely problematic to fight fishermen; they do not cluster together, do not form battle formations, and do not have huge military bases.
      The Houthis can terrorize Jews for even five years, but Israel will not do anything about it. However, a country that shot its own naked hostages with a white flag, having first entered into negotiations with them, is unlikely to be able to resolve the current crisis.
      In my opinion, the key to peace lies through Netanyahu's resignation. At the same time, he still has to be tried for economic crimes; four cases were opened against him before the war.
      I have already expressed the idea that all the fuss from the 7th came from his instigation!
  2. +7
    17 December 2023 19: 23
    Russia needs its own transport company specializing in container transportation through the Northern Sea Route.
    1. 0
      17 December 2023 22: 29
      It's strange if there isn't one yet.
    2. +1
      17 December 2023 22: 33
      Quote: antiaircrafter
      Russia needs its own transport company specializing in container transportation through the Northern Sea Route.
      I think, even to put it briefly, without mentioning the Northern Sea Route, it would also be nice. There seems to be some progress with tankers.
    3. 0
      17 December 2023 22: 40
      In the summer, they would redirect at least part of the cargo from Asia to Europe via the NSR, but this is not the season - in winter it is slower, more expensive, not every ship will even pass behind an icebreaker, and there are not enough icebreakers for everyone.
      Israel has ports on the Mediterranean coast, so even with the closure of Eilat, it will not be lost, except that delivery from Asia will become more expensive. Eilat will not go bankrupt either - tourism has not been canceled. And Egypt will have a considerable incentive not to put a spoke in Israel’s wheels, because the faster the Jews deal with Gaza, the faster traffic through the canal will open. But the Jews have already decided to figure it out, and even the bleating of the UN General Assembly will not stop them, and everyone who can boast of at least a couple of brains should understand this.
      The Houthis may get into such trouble that they will have no time for sea cargo transportation. It’s the Saudis who don’t cope well with them - well, Arabs are Arabs. But if at least one of the AUGs located in the eastern Mediterranean passes through Suez and engages the Houthis, they will immediately feel much better. And other NATO allies may not be averse to joining - they are the ones who suffer the main losses from the rise in prices for transportation from Asia. The only thing that can save the Houthis from such a scenario is that senile Joe, or rather those who manipulate him, may not have the resolve to directly get involved in a war with uncertain results and completion dates, when there is less than a year before the elections, and before the start of the primaries generally a couple of months. Pictures of dead civilians from American bombings won't be very popular with crap-crats supporters, and Republican supporters who are more likely to support fighting against the Houthis than not won't vote for crap-crats anyway.
      1. -2
        17 December 2023 23: 33
        The Houthis don't care. They have nothing and they have nothing to lose. But the Americans and Nata could get completely stuck in this swamp. So I don’t think that the minke whales are eager to fight the Houthis. So stretched to the limit. But there is also Taiwan. I wouldn’t be surprised if the Chinese got caught up in all this.
        1. -1
          18 December 2023 01: 57
          British women because everything “Western” is insured in the City. And again, it is the British who are inflating things through the media. And again, who does all this “threaten with a crisis”? Americans or where? - all this “clearly demonstrates” in favor of strengthening global rules... just before sunrise, the darkest time of the day. Globalists will cling to their influence to the last in an attempt to redistribute in their favor something real for their own services.
          What’s curious: the slippers are certainly great, but all these rich dressing gowns in scarves are not capable of keeping themselves safe or don’t want to? They will push through the non-West - China and the Russian Federation to calm down the massacre, it is known where because, by and large, they do not have real tools for regulating the pressure inside their own artificial islands of splendor and prosperity. In addition, the Houthis have put the KSA in an awkward position.
          I'm afraid that even without the chaos in Gaza, the robes have problems as inconvenient as herpes on the lip. And they won't be able to buy security. But there is hope that China will reach an agreement between Iran and KSA and the Houthis will calm down. But without Sasha.
        2. +2
          18 December 2023 04: 02
          Quote: Vinogradsky
          I wouldn’t be surprised if the Chinese got caught up in all this.
          You will be surprised, but the Chinese don’t need any obstacles on their trade routes, and they transport their goods to Europe through the Red Sea and the Suez Canal.
  3. +1
    17 December 2023 19: 25
    “a day costs additional costs of approximately 2,5 billion dollars” - nonsense, for that kind of money it would be possible to organize security and insurance. Someone really needs this
    1. +1
      17 December 2023 23: 33
      Name adequate security against the Houthis. These are not Somali pirates.
      1. +1
        18 December 2023 02: 37
        Quote: Vinogradsky
        Name adequate security against the Houthis. These are not Somali pirates.

        The Americans believe that they are such protection.
        Practice shows that if they get in completely, then everything will collapse, which is only shaky for now.
        Yes, and more.
        Sooner or later, as usual, they themselves will understand that things will only get worse. And they will run away “royally”, leaving everyone else to clean up what they have piled up. As usual.
  4. 0
    17 December 2023 19: 25
    What will Sisi say?
    Will the Saudis bring tankers to free water? It’s profitable for them to go to Europe
  5. +4
    17 December 2023 19: 43
    Lloyd Austin will next week announce a military operation against the Houthis “Guardian of Prosperity.” AUG 69 from the Persian Gulf is moving towards Yemen.
    1. +2
      17 December 2023 20: 01
      Quote: tralflot1832
      AUG 69 from the Persian Gulf is moving towards Yemen.

      What position are they in when they swim? laughing
      They swim both crawl and breaststroke, tomorrow they said they will go to the sea (c) good
    2. +8
      17 December 2023 20: 34
      Quote: tralflot1832
      Lloyd Austin will next week announce a military operation against the Houthis “Guardian of Prosperity.” AUG 69 from the Persian Gulf is moving towards Yemen.

      It seems that the unknown director is deliberately trying to pull apart and pin the mattresses with pins in different directions, so that the “hegemon” would be involved everywhere, while incurring decent financial and image losses and at the same time, so that the exhaust from his (hegemon’s) participation had a near-zero effect on the entertainer.
      Ukraine is stumbling, in Iraq and Syria they are hitting mattress bases without any respect, here the Houthis have become intoxicated and are humiliating the hegemon as a guarantor capable of protecting trade transportation, Israel and Hamas are floundering, sinking to the bottom and dragging the can with them. It’s probably time to blow smoke in the Taiwanese direction, so that the United States rushes about like a pig in a slaughterhouse, otherwise it seems their life is boring.
      1. +3
        17 December 2023 21: 13
        It is what it is. The Houthis simply dropped the hegemon below the plinth. Navigation safety has not been ensured for a month now. In general, guys in slippers who have nothing to lose turned out to be the worst nightmare for the hegemon, whether in Afghanistan or the Houthis.

        But the poor are a product of capitalism. Was Marx really right again and the capitalists themselves created their own killers? Only they became religious socialists, who would have thought
        1. 0
          17 December 2023 21: 20
          Such interesting guys in sneakers but with long-range anti-ship missiles... what
          1. +1
            17 December 2023 21: 40
            Yes, the irony of fate. If you are ready to kill yourself, but harm the enemy, then those who are not ready to kill themselves will definitely give you Stingers, anti-ship missiles or, say, Leopards.

            Are you wearing slippers or slippers is the second question)
      2. 0
        17 December 2023 23: 35
        Well, it's probably China. Like a missile attack, he tries to overload the enemy’s air defense so that new missiles can then land on the target.
      3. +2
        18 December 2023 02: 44
        Quote: Nyrobsky
        It seems that the unknown director is deliberately trying to pull apart and pin the mattresses with pins in different directions, so that the “hegemon” would be involved everywhere, while incurring decent financial and image losses and at the same time, so that the exhaust from his (hegemon’s) participation had a near-zero effect on the entertainer.

        The funny thing is that they are these directors that you, Dmitry, are talking about.
        Unprecedented snobbery and conceit, elevated to the level of state policy, is what pushes them to stick its sting into every crevice. Not at all puzzled by what kind of mess they can make there, and also by the fact that this sting can be pinched. Which happened more than once.
        1. +1
          18 December 2023 09: 50
          Quote: Zoldat_A
          Unprecedented snobbery and conceit, elevated to the level of state policy - that’s what pushes them to stick its sting into every crevice. Not at all puzzled by what kind of mess they can make there, and also by the fact that this sting can be pinched.

          Something like this Igor.
          They say the bigger the cabinet, the louder it falls. The mattresses themselves saw the legs of their cabinet, so its fall is a matter of time, and not very distant.hi
          1. +1
            18 December 2023 10: 12
            hi!
            Quote: Nyrobsky
            its fall is a matter of time, and not very distant.

            It is not the first decade that we have been hearing about the “decay of the West.”
            This is all a slow process.
            On the other hand?
            Somehow, imperceptibly, during my, for example, school life, they stopped talking about “communism in one, separate country”, switching to “socialism with a human face.” I no longer heard about “world communism” at school - it was before me.
            Even in 1940, no one could imagine that in 1970 there would be practically no colonies left in the world.

            And now the processes are moving immeasurably faster. Remember - was America the same as it is today twenty years ago?
            I don’t know whether you and I will have time to see the “decline of America manually,” but I’m sure that it will be stupid to even compare America in the 90s and America in 5-10 years. The acceleration of a piece of shit called "America" ​​flying in the sewer increases before our eyes.
  6. +4
    17 December 2023 19: 50
    Houthis declare war on Israel

    The Houthis are just that: Houthis. Words and deeds do not differ. Except from others.
    1. AUL
      0
      17 December 2023 21: 14
      Well, yes. They declared war on Israel, so they rob whoever they get. Of course, well done! wassat
      1. 0
        18 December 2023 02: 05
        So far, it seems that only Western companies (the West that supports the Zionists) have fallen off.
  7. +1
    17 December 2023 20: 03
    But, as the Israeli website Walla writes, Saudi Arabia, the UAE and Jordan are already helping Israel bypass the Houthi blockade.

    Israel has already begun operating a land bridge from Dubai ports as a replacement for Red Sea routes. The alternative bridge across Jordan is 2000 km long and takes two days to complete.
    1. +2
      17 December 2023 21: 16
      That is, the Arabs still bent the Jews and put them in a completely subordinate position, taking control of their logistics?

      This is the number, these are the beauties. Now they will quickly promote it for everything they need. By someone else’s hands, without firing a single shot, so Israel itself asked them to do it! These are beauties, my respects
  8. +3
    17 December 2023 20: 20
    Respect to the Houthis..at least someone is trying to fight in action..and not in words for the Palestinians..although the children there themselves are now starving and look like skeletons, just like how there were once Jews in fascist camps from archival photos.
    1. AUL
      -1
      17 December 2023 21: 17
      Quote: Yaro Polk
      although the children there themselves are now starving and look like skeletons, just like how there were once Jews in fascist camps from archival photos.

      Of course, you have to respect this! fellow
  9. +4
    17 December 2023 20: 26
    I already wrote on the website that the Chinese do not remove their container ships from lines through Suez. We will look at the freight of container ships and containers on Monday. It sucks for Western companies. The decrease in traffic is not very noticeable.
  10. +1
    17 December 2023 20: 42
    The Northern Sea Route is improving its attractiveness, which has previously been stated repeatedly. The Israeli-Arab showdown will not end soon, don’t go to the fortune teller. Well, you can’t transport cargo through the Cape of Good Hope. feel
    Western economists have calculated that a drop in shipping traffic through the Suez Canal by a third could cost approximately $2,5 billion in additional costs in just one day. And so far no one in the West has a clear answer to the question of how to fix all this.
    There was no need to copy our SVO. And with the constipation of thought of the 46th administration of the White House, the drug "Gutalax" will help
  11. +4
    17 December 2023 22: 25
    The Houthis should supply our expired anti-ship missiles, on credit, of course. Then it will be purely business. Western countries shouldn't see the subtext here, right?)
    1. +2
      17 December 2023 22: 43
      They can get a lot from Iran. And I'm sure we got it. But the question is whether Iran will give the command to its proxies to strike the American AUG in the Red Sea. ? It would be beautiful.
  12. 0
    17 December 2023 22: 41
    This is primarily a blow to the EU’s ties with India and China.
  13. +1
    17 December 2023 23: 01
    The Houthis are doing everything right!
  14. 0
    18 December 2023 00: 22
    I wonder what kind of anti-ship missiles they have, up to 800 km...?
  15. -1
    18 December 2023 00: 35
    Respect and Respect to the Houthis!!!
    The only ones in the world who actually supported the Palestinians. The damage to the Zionist regime is estimated at tens of billions of dollars! More terrible than lonely rockets from water pipes!

    The Houthis clearly show how to deal with the fascist infection, which has lost its shores and its human appearance. And what to do with the homosheikhs of the Gulf states who are helping the fascist entity with alternative delivery routes, the Houthis are probably preparing their options.
    Bravo Houthis!!!
  16. 0
    18 December 2023 01: 06
    I often walk across the railway that leads to the St. Petersburg port. St. Marshal Zhukov, or the transition to Strike, everyone is interested.
    So, unlike last year and the year before last, sea containers are piled up to the height of the transition bridge on Zhukov and higher, and the land crossing between Stachek and Krasnoputilovskaya is often blocked, allowing trains to pass back and forth, bulk tanks mostly, and Belaruskali fertilizers, fertilizer wagons all built in 2023 at the Gomel Carriage Plant.
    And this is not something murky, such as GDP, volatility and the current exchange rate, these are real values ​​that are increasingly moving in space, exports are increasing, and through our ports; the same Belaruskali recently fed Lithuania using the port of Klaipeda.
  17. 0
    18 December 2023 01: 43
    That’s great, that’s good, let them go around, and at the other end someone will organize a warm welcome for the Israeli courts. They scraped it on their hump, now let them endure it. Well, or the amers are asked to carry containers for them on aircraft carriers.
  18. 0
    18 December 2023 02: 17
    Quote: Nagan
    Eilat will not go bankrupt either - tourism has not been canceled
    So tourists are still coming to them!? It’s unexpected how many people, it turns out, like to relax near the fighting. I mean, of course, foreigners and not citizens of Israel, the latter, due to the size of their state, cannot roam around, unless beyond the border go on vacation.