More than 400 cargo ships were forced to reroute after the Houthis claimed a massive attack on U.S. warships! Lead to shipping price rise tide...
Jan 12,2024

On the 10th local time, the Yemeni Houthi armed forces issued a statement saying that they were in the Red Sea waters on the 9th.Massive attack on US warships. The U.S. Central Command confirmed that on the 9th, U.S. and British warships intercepted multiple drones and missiles launched by the Houthi armed forces in the Red Sea.
Houthi forces in YemenSpokesmanYahya Sareya said in a statement on the 10th that the organization launched a "large number" of drones and missiles at a US warship sailing in the Red Sea on the 9th.. Sareya said the U.S. warship was providing "support and protection" to ships associated with Israel, and that the Houthi attack was a "retaliation" for the sinking of three Houthi speedboats on December 31 last year, killing 10 people ".

The US Central Command said in a statement on the 10th that 18 drones, two anti-ship cruise missiles and one were found on the 9th.anti-ship ballistic missileShoot from Houthi-controlled Yemeni territory into the Red Sea, where dozens of merchant ships were passing at the time.Subsequently, US and British warships and warplanes intercepted all drones and missiles, and there were no reports of casualties or property damage in the attack.
According to reports, this is the first time that the Yemeni Houthis have launched a military operation against a US warship in the Red Sea.
Later on the 10th, the Houthis again issued a statement saying that the United States is trying to "militarize" the Red Sea,It also warned that the militants would continue to strike ships and targets linked to Israel.Since the outbreak of the current round of Palestinian-Israeli conflict, Yemeni Houthi armed forces have used drones and missiles to attack targets in the Red Sea waters many times. The Houthis said that the ships associated with Israel are the targets of the organization until Israel stops its military strikes on the Gaza Strip.
According to Spanish media reports on the 10th, despite recent pressure from the United States, the Spanish government still maintains its position of refusing to participate in the so-called "Red Sea Escort Alliance" formed by the United States.Previously, the US militaryJoint Chiefs of StaffChairman Brown spoke to Calderon, Chief of the General Staff of the Spanish Armed Forces, expressing the desire of the US military to cooperate with the Spanish military in escorting the Red Sea. However, the Spanish Ministry of Defense issued a statement stating that Spain will not participate in this action and that the country has not reconsidered its position on this matter.
So far, the Houthis have launched the biggest large-scale attack!
How will rising tensions in the Red Sea affect global trade?

According to a statement issued by the US Central Command on the 10th, the Houthi attack on a merchant ship in the Red Sea on Tuesday night local time was the largest attack so far. Retired U.S. Admiral James told CNBC that this was a very complex attack.
S. RETIRED AMERICAN ADEN AREA JAMES: It was an attack on the commercial waterway, and there were dozens of merchant ships in the vicinity of this sophisticated attack. I want to emphasize the word "complex", you see in the video, these are very capable combatants.
More than 400 freighters, $280 billion cargo forced to rerouted! cause shipping prices to rise
As the Red Sea crisis continues to ferment, global trade is affected. Many shipping lines have rerouted Red Sea routes to routes that bypass Africa's Cape of Good Hope, and research by shipping services firm Clarkson said more than twice as many ships were diverted on January 9 as on December 21.
De Xun told CNBC about 419 vessels changed course. According to the data estimated by the maritime analysis company MDS Transmodal,The diverted vessels involved 5.65 million 20-foot standard containers with a total cargo value of about $282.5 billion.
Since the detour to Africa requires longer transit times, this also leads to higher shipping costs and possible delays in the delivery of goods.
In the first week of January, freight costs from Asia to North America and Europe rose sharply. Further increases in freight rates are expected in late January.MSC, the world's largest ocean carrier, was the first company to announce its late-January freight charges, which they said would rise to about $6900 from Monday. The diversion to the southern tip of Africa could result in an additional 10 days to two weeks for each Asia-Europe voyage.

Due to the sudden increase in sea freight costs, the increase in total costs in the first quarter is expected to spread from one end of the supply chain to customers. At present, prices are being adjusted as soon as possible, which may cause inflation to rise again.
Recently, freight rates are changeable. Shippers have shipping plans. Welcome to Hongde International for consultation to provide you with customized shipping plans with perfect sea, air and land transportation characteristics so as not to affect shipments!
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