Companies responsible for 53% of global shipping announce the suspension of crossing the Red Sea
As part of pressure on the US and the West to take political action to address the crisis, four of the top five global maritime shipping companies have announced that they will no longer be crossing the Red Sea, as insurance prices have risen doubly following Yemeni attacks on ships heading to the Israeli enemy entity.
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According to Economist magazine, these companies are CMA CGM, Hapag-Lloyd, Maersk, and MSC, collectively representing 53% of global container trade. Additionally, Israeli companies such as ZIM and Ray Shipping.
The shipping companies are exerting pressure on the US and the West to intervene and resolve the crisis. Maersk has called for political action towards a solution, according to the Israeli website Globes.
Simultaneously, countries are exerting pressure and mediations with Sana’a to halt its operations against ships heading to Israel. However, Sana’a has announced its adherence to the condition of lifting the blockade imposed by the Israeli enemy entity, with US support, on the Gaza Strip.
In order to accompany ships in the Red Sea, the US is seeking to form an alliance. However, experts and private sources in Sana’a confirm that this would further complicate the problem and potentially widen the scope of the war beyond what Washington can contain. The easiest solution would be to move towards lifting the blockade on the Gaza Strip.