U.S. and U.K. airstrikes on Houthi positions in Yemen have not made the Red Sea any safer for shipping. “Red Sea issues are getting worse, not better,” said Stifel shipping analyst Ben Nolan.
The dry bulk carrier Gibraltar Eagle, owned by Connecticut-based Eagle Bulk (NYSE: EGLE), was struck by an anti-ship ballistic missile in the Gulf of Aden on Monday. The dry bulk carrier Zografia, owned by Greece’s Thenamaris, was hit by a missile in the southern Red Sea on Tuesday.
Energy shipper Shell...
https://www.freightwaves.com/news/red-sea-conflict-worsens-forcing-more-ship-detours-around-africa