Ongoing missile and drone attacks by Houthi militia on merchant ships in the Red Sea and Gulf of Aden raise concerns of a potential global supply chain crisis, warn industry analysts. The recent attack on the 'Maersk Gibraltar' follows a series of incidents, prompting fears of increased risks for vessels transiting the Suez Canal. Analysts highlight the potential consequences for global supply chains, recalling the chaos caused by the 2021 Ever Given incident. With vessels rerouting away from the Red Sea and Gulf of Aden, concerns arise about disruptions and increased freight costs. The situation coincides with restrictions in the Panama Canal due to drought, amplifying challenges for the ocean shipping industry.

SOURCE:GOOGLE