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Red Sea Shipping Update

ENERGY
  • The US launched strikes on three installations in Iraq linked to Kataib Hezbollah, the Pentagon said on Monday. The Iraqi insurgent group is backed by Iran and was behind an attack that injured three US personnel.
  • On Tuesday, Yemen’s Houthi rebels attacked the MSC United VIII container vessel that was headed for Pakistan.
  • The US Central Command said in a social media posting on X that a US destroyer and F/A-18 fighter jets shot down 12 attack drones, three anti-ship ballistic missiles and two land attack cruise missiles fired by the Houthis over the Southern Red Sea on Tuesday.
  • Despite ongoing attacks, major shipping firms such as Maersk and CMA CGM said they were resuming passage through the Red Sea following the deployment of a multinational task force to the region. Hapag-Lloyd is expected to decide whether to resume shipments through the Red Sea on Wednesday.
  • Shipping disruptions in the Red Sea are likely to continue after Israel's Chief of Staff Herzi Halevi told reporters on Tuesday that the Gaza war would go on "for many months".
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