ECONOMY - SUEZ CANAL - UPDATE ON TERRORIST ATTACKS ON CARGO SHIP

As of 2024, the risk of terrorist attacks in the Suez Canal has indeed increased. This has led to some shipping companies choosing to reroute their vessels around the Cape of Good Hope, adding significant time and cost to their journeys.

The Houthi rebels in Yemen have been responsible for a number of attacks on commercial ships in the Red Sea, including near the Suez Canal. This has created a challenging security environment for shipping companies operating in the region.

It's important to note that the situation is fluid, and the risk level can change over time. Shipping companies continue to monitor the situation closely and adjust their routes accordingly.

REMINDER: After the war in Gaza started in October 2023, the Houthis started firing missiles and drones against Israel. In November, they began targeting ships heading to Israel via the Red Sea, regardless of their nationality, and have warned all international shipping companies against dealing with Israeli ports