Source: Bloomberg
Author: Alex Longley, Aine Quinn, Jack Wittels
The global shipping industry is preparing for its most important trade routes for several weeks.
Although the United States strives to form the Red Sea Task Force to prevent Yemenmen Hussen's armed warriors, the shipping company is still waiting for the details and worried about the implementation situation.The Houthi armed attack ship was just to support Hamas's war against Israel. Some people in the area were worried that too tough response would only promote violence upgrades.
Therefore, the shipping company is bypassing Africa, and each sailing will increase the cost of $ 1 million and 7 to 10 days.Oil prices are gradually rising.
The Houthi armed attack may cause more serious and longer shipping emergencies compared with the obstruction of the Suez Canal in 2021. At that time, a ship was trapped in the Suez Canal for several months.Because ships of various cargo such as oil, grains and cars are forced to bypass Africa, additional costs and delays bring risks to the global economy, and at this time, the inflation will cool down.
"This may be between a few days or weeks, but of course it may last longer," Rolf Habben Jansen, CEO of HAPAG-LLOYD, a German container transport company, told Bloomberg TV.The company has stopped sailing in the Red Sea.
For the captain and the company, even potential solutions bring problems.Navy escort can provide some protection through dangerous waters, but this is not simple.
"This will slow down the transaction because we will have to wait for escort to pass the" area, Euronav NV CEO Alexander Saverys in an interview with Bloomberg TV.The tanker giant has stopped transportation through the Red Sea and will not return before military escort is in place.
The Pentae Building has not yet explained how the so -called "Operation Prosperity Guardian" will protect the ship.Vincent Clerc, CEO of the container transport giant A.P. Moller-MAERSK A/S, estimates that this special team will take several weeks to start operation.
Jakob Paaske Larsen, head of Maritime Safety of Shipping Group BIMCO, said that when the problem of the pirates of the Somali pirate in the past was serious, the loose escort fleet was used or collectively passed according to a specific route.He said that he might also try to protect large areas and deploy troops according to the situation.
Strict escort -warship escort -maybe it is unlikely, because "this is too consumed," Larsen said."I just think the number of warships is not enough."
There are only a few EU countries who participated in the "Prosperous Guardial Action".The Spanish official news agency EFE (EFE) quoted the Ministry of Defense on Tuesday that Spain said it depends on the European Union and NATO decision.
Washington also required Australia to join, but was basically rejected by the Canberra government.
Munro Anderson, the business director of the risk of maritime war and insurance expert, said that these details may extend the time when the security situation is controlled.
"Commercial operators will return to the region only when they can ensure the safety regulations," he said."From the latest announcement, it is difficult to see how to achieve this."
