UK major Shell has halted shipments of commodity through the Red Sea and the Gulf of Aden as missile attacks continue on one of the world’s most important shipping routes.
The company was responding to a series of attacks by the militant Yemeni group, named the Houthi rebels, involving missiles and drones, targeting commercial vessels in the Red Sea.
Recent US and UK strikes on Yemen’s Houthi rebels, meant to discourage the Houthis’ attacks on ships on the route, have had the opposite effect of creating uncertainties for the company.
Shell has simply counted itself as part of the statistic: the number of gas carriers has dropped by 96% from December 2023, followed by container ships with a 80% m-o-m dip, oil tankers (55%), and bulk carriers (25%), according to reports quoting Bloomberg.
Different carriers have however been differently impacted by the current tension in the waterway, notes Enterprise.com, the Egyptian trade journal, which reports that “a large number of commercial vessels are pressing ahead with the Red Sea route despite the US and UK navies advising against it, according to data compiled by Bloomberg. Some 114 vessels continued their course along the waterway, down only 17 from a week ago”.
Qatar is one of those undaunted: “Qatari LNG shipments included: Four Qatari vessels carrying liquified natural gas have resumed their course along the Red Sea after several days’ pause triggered by the recent US and UK strikes in Yemen”, Enterprise.com reports, quoting shipping tracking data cited in Reuters.