
Red Sea Risk
As attacks on commercial shipping to continue in the Red Sea, Lloyd’s List offers the latest insight,
analysis and commentary on how the crisis is impacting shipping markets and global trade

Red Sea risk not materially changed amid Houthi threat to Haifa-trading shipowners
Announcement from Houthis of a ‘prohibition on maritime navigation to and from the port of Haifa’ does not change the Red Sea risk picture, as owners with links to Israel have been targeted since the crisis began in November 2023, security experts say

Ship damaged as Israel strikes two Houthi-controlled ports
The IDF launched more airstrikes against the Houthis on Friday, targeting the ports of Hodeidah and Al Salif

Bombarded Ras Isa port resumes operations as security and sanction threats linger
US air strikes in April wreaked havoc on Ras Isa, but the port, which relies on rudimentary infrastructure to slowly unload oil and gas tankers, appears to have resumed operations relatively quickly. Meanwhile, the threats of Israeli air strikes and US sanctions remain

Suez Canal touts 15% discounts to entice shipping back to the Red Sea
Several major shipping companies have been tentatively returning ships to the Red Sea amid positive security developments, but the Suez Canal Authority is keen to accelerate that trend and is now offering owners incentives to return

Israel issues evacuation warning to Houthi-controlled ports
Israel has warned ‘all those present’ at Houthi-controlled ports of Ras Isa, Al-Salif and Hodeidah to evacuate. With reports of the Houthis detaining ships under threat of violence, vessels and seafarers are under increased danger

The week in charts: US-Houthi ceasefire not expected to spur Red Sea return | Panama Canal yet to see tariff hit | Hope for Simandou to offset Chinese ore demand drop
US ships will not be targeted, but Houthis say Israeli ships are still ‘banned’ in Red Sea; Panama Canal numbers for April show no trade war fallout so far; Guinea’s Simandou iron ore project could increase tonne-mile demand for capesizes; Torm chief executive Jacob Meldgaard says company intends to continue to clear out older tonnage

Why floating armouries are a dangerous problem that nobody wants to tackle
Questionable flag state oversight; 50-year-old vessels carrying thousands of firearms and a revolving cast of international private security contractors; years of cut-throat competition between companies operating in opaque jurisdictions; and all in an unregulated market that operates in international waters. What could possibly go wrong?

US-Houthi ceasefire not expected to spur imminent Red Sea return
Houthis say Israeli-owned ships are still ‘banned’, essentially marking a return to its December 2023 targeting scope

Trump says Houthis will stop attacking ships in the Red Sea
‘The Houthis have announced that they don’t want to fight anymore. They just don’t want to fight, and we will honour that, and we will stop the bombings,’ Trump told reporters, adding that the Houthis said ‘they will not be blowing up ships anymore’

Risks mount for ships calling at Houthi ports
Vessels calling at Houthi-controlled ports face multiple risks: collateral damage from US and Israeli air strikes, detentions and violence from the Houthis, and US sanctions
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