According to CCTV news, recently, attacks on cargo ships have occurred frequently inthe Red Sea, Bab el-Mandeb Strait and nearby waters. Several container shippingcompanies have announced the suspension of all container ship navigation in theRed Sea and nearby waters. Maersk, CMA CGM, Hapag-Lloyd, MSC, etc. have issued"suspension" notices in the Red Sea..

Following the attack on Maersk's "Maersk Gibraltar" container ship on December 14,MSC's "MSC PALATIUM III" and Hapag-Lloyd's "Al Jasrah" container ship were alsoattacked while passing through the Red Sea on the 15th.The four major shipping giants "stop sailing" in the Red Sea!On December 16, the global shipping giant Mediterranean Shipping Company (MSC)and the world's third largest container shipping company CMA CGM (CMA CGM)respectively issued statements stating that due to increasing concerns about thesecurity situation, the two companies announced the suspension of operations. Allits container shipments via the Red Sea are available until further notice.

Since the new round of Palestinian-Israeli conflict broke out on October 7, the Houthiarmed forces in Yemen have repeatedly claimed to launch attacks on targets in Israel.The Houthi armed forces have used missiles and drones to repeatedly attack targetsin the Red Sea. Since mid-November, the Houthi armed forces have expanded thescope of their attacks on Israeli targets, begun to attack "Israeli-related ships" in theRed Sea, and have continued to escalate related threats. Recently, many cargo shipshave been attacked in the Red Sea, Bab el-Mandeb Strait and nearby waters.

The Suez Canal-Red Sea, an international shipping artery, guards the transportationartery between Asia, Africa and Europe, and connects the Red Sea and the Mediterranean. It is one of the busiest waterways in the world. The Bab el-MandabStrait is located at the southern end of the Red Sea, connecting the Red Sea and the Gulf of Aden. It is a must-pass for ships traveling between the Indian Ocean and theAtlantic Ocean, and its strategic position is very important.Analysts pointed out that tensions in the Red Sea waters mean that the risk of spillover from the Palestinian-Israeli conflict has intensified, and has affected international shipping. As tensions intensify, the shipping industry is further disrupted, and the international supply chain may be severely impacted...

Shipping risks intensify! Freight prices soar!With Christmas approaching, transportation has entered its peak season. In addition,shipping companies have recently increased freight rates through various channels. The freight rates in the current shipping market have shown a significant upward trend. According to the latest data released by the Shanghai Shipping Exchange on December 15, the Shanghai Export Container Freight Index (SCFI) has risen for three consecutive weeks. The SCFI index continued to rise by 61.31 points last week to 1093.52 points, and the weekly increase expanded to 5.93%. The four major Oceanroutes have seen an overall rise.