shipping routes

Shipping Companies & Insurers Pause Red Sea Voyages

Increased security concerns have prompted shipping companies to reroute around Red Sea after Houthi militants escalated their attacks on vessels in the region.

The targeted area, crucial for East-West shipping and trade, relies on the Suez Canal to streamline routes and reduce the time and costs associated with circumnavigating Africa.

The intensified attacks have caused several shipping companies and insurers to reconsider their routes temporarily, avoiding the affected region.

A list of companies that are either contemplating or have already decided to halt shipping via the Red Sea can be found here.