Red Sea disruption deepens as Houthi threats cut Bab el-Mandeb traffic to 11 ships

Summary

Houthi threats against Saudi-linked vessels drove Bab el-Mandeb transits to an 11-ship low on July 26, forcing carriers to keep Cape of Good Hope diversions that add 6,000 nautical miles and 7-15 days per round trip. Maersk will lift its Asia-Saudi peak season surcharge to $2,000 per 40' box from Aug 10.