Shippers are rerouting vessels to avoid the Red Sea and Gulf of Aden due to a surge in attacks, causing delays and increased emissions. The risk escalated after the Israel-Hamas conflict, with Iranian-backed Houthis targeting various commercial ships. Some shippers are opting to transit around Africa, adding approximately two weeks to voyages. Heightened security measures, including increased lookout for potential attacks, are being implemented to safeguard crew members. Shippers are also monitoring the situation for any impact on the Suez Canal, a critical maritime route.

SOURCE:GOOGLE