FACTBOX: Seaborne trade reroutes away from Red Sea over Houthi attacks

More shipping is avoiding the Red Sea and Bab al-Mandab strait after a spate of attacks by Houthi militants from Yemen threatening the strategic chokepoint for global seaborne trade. More than 15 vessels have been attacked in the Red Sea over recent weeks, triggering many shippers, tanker owners and at least two oil companies to suspend voyages through the area…. More shipping is avoiding the Red Sea and Bab al-Mandab strait after a spate of attacks by Houthi militants from Yemen threatening the strategic chokepoint for global seaborne trade. More than 15 vessels have been attacked in the Red Sea over recent weeks, triggering many shippers, tanker owners and at least two oil companies to suspend voyages through the area…. Read More