FILE PHOTO: The Greek frigate ‘Hydra’ sails to take part in the EU naval mission in the Red Sea, at Salamina naval base, Greece, February 26, 2024. Greek Defence Ministry/Handout via REUTERS/File photo
HAMBURG (Reuters) – Grain ships originating from the Black Sea or bound for Iran are about the only ones still sailing through the Red Sea as Houthi militants continue to attack vessels in the area, analysts said on Friday.
The attacks by the Iran-aligned Houthis have disrupted global shipping since November and forced firms to re-route to longer and more expensive journeys around southern Africa.
“Just about all (dry bulk grain) vessels going from the Americas and western Europe are avoiding the Red Sea, the only exception is vessels going to Iran, they’re still taking the Red Sea route when shorter,” said Ishan Bhanu, lead agricultural commodities analyst at data provider and analysts Kpler.
“All vessels we are tracking going from the Black Sea to Asia are going through the Red Sea, almost without exception,” he added.
Grain transit through the Suez Canal hit a low of 2.6 million metric tons in February, down from 5.3 million tons in February 2023, Bhanu estimated.
The United States and other countries have sent naval vessels to protect civilian ships while the U.S. and UK have launched air strikes against Houthi forces, who say they are acting in solidarity with Palestinians against Israel’s military actions in Gaza.
“The Red Sea naval operation and air strikes have been going on for weeks now and it is pretty obvious that the Houthi attacks cannot be stopped easily by military means or that commercial ships can be given blanket protection,” said one grain trader booking vessels to export cargoes from Europe.
“Many ship owners are still willing to accept the danger to their ships and vessels still can be booked for Red Sea sailings. Chinese purchases of Ukrainian corn recently are expected to transit the Red Sea.”
(Reporting by Michael Hogan, editing by Kirsten Donovan)
News Related
-
The collision involved a pedestrian and a lorry A MAN IN his 70s has died after he was struck by a lorry in Co Laois. The incident happened this evening at around 4.55pm on Chapel Lane, Mountmellick, Co. Laois. The collision involved a pedestrian and a lorry. The male pedestrian, ...
See Details:
Pedestrian in his 70s dies after being struck by a lorry in Co Laois
-
-
Restaurant critic Grace Dent has told her fellow campmates that her “heart is broken” as she left I’m A Celebrity… Get Me Out Of Here! on medical grounds. The MasterChef star, 50, was pictured at Brisbane Airport hours after ITV announced on Monday morning that she was exiting the reality ...
See Details:
Grace Dent says her ‘heart is broken’ as she exits I’m A Celebrity early
-
Stromer’s ST3 Urban E-Bike Goes Fancy With Minimalist Design, Modern Tech This speed pedelec can be configured with lots of upgrades and accessories. Swiss e-bike brand Stromer has been around for quite some time now. Developing premium, high-quality e-bikes since 2009, the company remains a force to be reckoned with, ...
See Details:
Stromer’s ST3 Urban E-Bike Goes Fancy With Minimalist Design, Modern Tech
-
-
My appearance has changed because of ageing, says Jennifer Lawrence Jennifer Lawrence’s appearance has changed because she’s “ageing” – not because of plastic surgery. The 33-year-old actress acknowledges that her appearance has changed over recent years, but Jennifer insists she hasn’t gone under the knife. The Hollywood star – who ...
See Details:
My appearance has changed because of ageing, says Jennifer Lawrence
-
-
-
-
Children escape without injury after petrol bomb allegedly thrown at house in Cork City A number of children have escaped without injury after a petrol bomb was allegedly thrown at a house on Cork city. The incident happened at a house at Hillview Drive in Onslow Gardens on the city’s ...
See Details:
Child minder’s husband handed eight year sentence for abusing two children
-
-
Children escape without injury after petrol bomb allegedly thrown at house in Cork City A number of children have escaped without injury after a petrol bomb was allegedly thrown at a house on Cork city. The incident happened at a house at Hillview Drive in Onslow Gardens on the city’s ...
See Details:
Mazda CEO Says EVs 'Not Taking Off' In The U.S.—Except Teslas
-
Children escape without injury after petrol bomb allegedly thrown at house in Cork City A number of children have escaped without injury after a petrol bomb was allegedly thrown at a house on Cork city. The incident happened at a house at Hillview Drive in Onslow Gardens on the city’s ...
See Details:
Leitrim locals set up checkpoint to deter asylum seekers
-
Children escape without injury after petrol bomb allegedly thrown at house in Cork City A number of children have escaped without injury after a petrol bomb was allegedly thrown at a house on Cork city. The incident happened at a house at Hillview Drive in Onslow Gardens on the city’s ...
See Details:
Ask A Doctor: Can You Get Shingles More Than Once?
OTHER NEWS
Paul Hosford: Helen McEntee’s future depends on the streets of Dublin remaining peaceful The issue of policing in Dublin has been thrown into sharp focus following the horrific stabbing of ...
Read more »
The collision occurred on Monday morning. (stock image) Five people have been hospitalised following a two vehicle road traffic collision on Monday. Gardaí are appealing for witnesses to the collision, ...
Read more »
Challenge: Try to find the hidden cat in a very old building (Photo: Reproduction/Reddit) Only people with advanced observation skills can identify the hidden cat in this very old building. ...
Read more »
A man has been arrested following a seizure of cocaine with a value of €56,000 in Galway on Sunday evening. Gardaí seized the drugs during a search at a residence ...
Read more »
generic doctor image Overview A chronic and progressive movement disorder that initially causes tremor in one hand, stiffness or slowing of movement. Symptoms If you or someone you know is ...
Read more »
A man who was caught with over €1 million in cocaine in a “sophisticated” operation where the drugs were hidden in a modified compartment in his van has had his ...
Read more »
File image of Fine Gael TD Fergus O’Dowd. FINE GAEL TD Fergus O’Dowd has announced that he will stand down at the next General Election. O’Dowd started his political career ...
Read more »