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Red Sea Shipping Chaos, By the Numbers

From bnnbloomberg.ca

A chunk of global shipping is now avoiding the Red Sea after a run of attacks on vessels in the key waterway that is vital for the transportation of everything from oil to coal and televisions. Since the attacks ramped up last month, at least 13 vessels have been subject to incidents in the area. Security company Ambrey Intelligence puts the figure even higher than that. Here are some of the key figures showing the impact of the attacks so far. Fewer Big Ships Vessel tracking shows the number of vessels entering the Gulf of Aden was 58 on Dec. 17. When weighted by ship size, that’s down 70% from the daily average ... (full story)

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  • Category: Fundamental Analysis