Houthis Pause Attacks, Hope for Red Sea Shipping
Update: 2025-11-12
Description
On November twelfth, a significant development in global shipping: the Houthis announce a pause in attacks on merchant vessels in the Red Sea, sparking hope for a return of large container ships to the Suez Canal trade route. However, experts warn that a full return depends on solid assurances for carriers and insurance companies, as the safety of crews, ships, and cargo cannot be based solely on the Houthis word. Carriers face a dilemma: accept remaining security risks and use the Red Sea, or continue around the Cape and risk losing market share. A full reopening of the Red Sea could ease pressure on the worlds fleet and potentially cause freight rates to drop significantly, but insurers will likely keep premiums high until multiple safe transits confirm stability in the region.
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