It was only this past Friday when word came that two major shipping companies – Maersk and Hapag-Llloyd – were temporarily ‘pausing’ shipments through the Red Sea due to ill-mannered, Iranian-backed Houthi militias and their insatiable rocket and drone attack habits.
…This couldn’t come at a worse time.
Attacks from Houthi-controlled Yemen struck two Liberian-flagged ships in the Bab al-Mandab Strait on Friday, a U.S. defence official said, underlining the threat to vessels in shipping lanes being targeted by the Iran-aligned group.
Danish shipping company A.P. Moller-Maersk (MAERSKb.CO) said it would pause all container shipments through the Red Sea until further notice. German container line Hapag Lloyd said it was considering a similar move.
Maersk ships had already come under drone attacks last week, and that was enough for them. Even though the alternatives were…
