Red Sea risk keeps ~11% of box fleet on Cape detour; war-risk premiums hit 0.75%

Summary

Houthi threats against Saudi-linked shipping have collapsed Bab-el-Mandeb traffic, pushing nearly 11% of the global container fleet around the Cape of Good Hope and adding 7-15 days per voyage. War-risk insurance has jumped from about 0.3% to 0.75% of vessel value. Maersk and Hapag-Lloyd tentatively resumed a Jeddah call on the AE15 loop, but contingency rerouting remains in place.