The situation in the Red Sea has turned for the better! An agreement has been reached with the Houthis? As long as the ship declares that it has "nothing to do with Israel", it will not be attacked...

In order to ease tensions in the Red Sea, Yemen's Houthi armed forces recently put forward a proposal to avoid the "militarization of the Red Sea." According to reports from the Yemen News Agency (SABA), the senior leader of the Yemeni Houthi armed forces, Mohammed Ali Houthi, issued a statement on January 7, stating that as long as ships passing through the Red Sea declare "no relationship with Israel", they will not be attacked.

Mukonmad Ali Houthi reiterated that the actions of the Yemeni Houthi armed forces in the Red Sea are to stop Israel’s aggression and force Israel to lift the siege of the Gaza Strip. He criticized, "The United States, Britain or anyone else who prevents us from intercepting Israeli ships is carrying out Israel's demands and sheltering Israel's crimes.

He proposed to international shipping companies that every ship passing through the Red Sea, Bab el-Mandeb Strait or the Arabian Sea could declare in advance that it "has no relationship with Israel." This step does not require the militarization of the Red Sea and will not harm international shipping. With it, With this step, the ship can continue sailing safely without any obstacles, avoiding the trouble of going around the Cape of Good Hope.

But Mohammed Ali Houthi also warned that if a ship issues a "false notification" and heads to an Israeli-controlled port after passing through the Red Sea, it will be "blacklisted" by the Yemeni Houthi armed forces and will be included in the "blacklist" the next time it attempts to pass through the Red Sea. was seized.

Deal with Houthis? Shipping company denies

Danish media ShippingWatch reported on Monday that some shipping companies have now reached agreements with Yemen's Houthi rebels to allow their ships to safely pass through the Red Sea, an important waterway in the world.

Sources said the two sides had indeed held meetings to ensure that certain ships passed through the Red Sea unscathed. It is reported that the Houthi armed forces’ requirement is that shipping companies must ensure not to carry Israeli cargo and not call at Israeli ports. ShippingWatch did not mention which carriers were involved.

In response, Maersk responded: "Maersk has not yet reached an agreement with the Houthi armed forces in Yemen on the navigation of the Red Sea." Hapag-Lloyd also denied it and said it would continue to avoid the Red Sea and sail around the Cape of Good Hope.

The market is currently speculating on whether shipping companies are willing to sign reciprocal agreements with the Houthis in exchange for freedom of shipping. Some analysts say these agreements could have significant consequences.

One-third of global container shipping capacity affected by Red Sea crisis

International container shipping faces a critical few weeks as ongoing attacks and diversions in the Red Sea continue to impact the industry ahead of the Lunar New Year.

Drury said the coming weeks were likely to be tough as trade volumes increased ahead of the Chinese New Year, which starts on February 10. Shipping diversions caused by the attacks forced ships to travel thousands of miles further than usual, limiting the number of ships able to carry cargo.

The next 4-5 weeks will be crucial for global shipping and container transport, especially between Asia and Europe and the Mediterranean. Drewry estimates that more than 800 ships of about 10 million TEU, accounting for about a third of the world's container shipping capacity, were affected by the Red Sea attack and the diversion of routes around the Cape of Good Hope.

Unable to cope with the attacks by the Houthi armed forces in Yemen, more than 10 container shipping companies have announced to detour around the Cape of Good Hope, increasing shipping costs. Shipping companies have released Red Sea-related surcharges, peak season surcharges, etc. for many routes, and price increases are already in progress.

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