Abstract: Ships risking Houthi attacks must pay high insurance premiums, while vessels avoiding the region lose time going around Africa.
Lead Paragraph:
For about two months, a barrage of missile and drone attacks in the Red Sea by Houthi militants has posed a difficult choice to shipowners using the Suez Canal: risk an airborne strike and pay sharply higher insurance rates, or forgo the canal and take the longer route around Africa, snarling schedules and entailing higher fuel charges.
Source: The New York Times
Category: Business
Sub Category:
2024-01-24T19:59:53+0000
By Stanley Reed