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90 Ships Attacked in The Red Sea #houthiattack
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Nov 212024
90 Red Sea Attacks Drive Global Trade Disruptions Houthi rebels have attacked over 90 vessels in the Red Sea since October 2023, damaging ships like the Cordelia Moon. This has forced companies to reroute around Africa, raising shipping costs and transit times. U.S. airstrikes on 60 Houthi targets aim to protect this vital global trade corridor, linking Europe, Asia, and Africa. The conflict, tied to Iran and Hamas, keeps freight rates high. ZIM Integrated Shipping recently reported strong earnings, declaring a $3.65/share dividend, benefitting from these disruptions. Follow us at ‪@levelfieldsai‬ for more news! #stockmarketnews #redseacrisis