Grain Ships Navigating Red Sea Amidst Houthi Attacks
Challenges Faced by Grain Ships
Grain ships originating from the Black Sea or bound for Iran are among the few still braving the Red Sea amidst ongoing attacks by Houthi militants, disrupting global shipping routes. These attacks have compelled vessels to take longer and costlier detours around southern Africa.
Impact on Shipping Routes
Analysts revealed that most dry bulk grain vessels from the Americas and western Europe are bypassing the Red Sea, except those en route to Iran, opting for the shorter Red Sea passage. Similarly, ships traveling from the Black Sea to Asia predominantly choose the Red Sea route.
Decrease in Transit Volume
Estimates suggest that grain transit through the Suez Canal plummeted to 2.6 million metric tons in February, down from 5.3 million tons in the same month last year, indicating a significant decline in traffic.
International Response
In response to the attacks, the United States and other nations have deployed naval vessels to safeguard civilian ships. Additionally, airstrikes have been conducted against Houthi forces by the US and UK. However, the persistence of attacks poses challenges in providing comprehensive protection to commercial vessels.
Continued Risk for Ships
Despite the dangers posed by Houthi attacks, many ship owners are still willing to undertake Red Sea sailings. Recent Chinese purchases of Ukrainian corn are expected to transit the Red Sea, underscoring the continued importance of this route for certain shipments.
