The Houthis in Yemen have done the impossible: MSC, the world's largest shipping company, has announced that it will not sail through the Red Sea.
They made this decision because other container ships have been attacked and seriously damaged by Houthi's in Yemen, firing missiles and drones, at any vessel traveling to or from Israel. Yemen is conducting these attacks because Israel is slaughtering Palestinians in the Gaza Strip.
This is an utterly massive blow to logistics supply lines. This will result in a sudden and very sharp disruption to Global Supply Chains; a spike in inflation is to be IMMEDIATELY expected as goods become scarce from lack of - or severely delayed - shipment.
Covid had already disrupted logistics lines and many countries are unable to control the rising prices of goods.
With MSC announcing -- on a SATURDAY -- they are not sailing through the Red Sea, they join Maersk, Hapag-Lloyd, CMA-CGM, and others, bringing a full fifty percent (50%) of global container ships off-limits for Red Sea travel.
Is there any wonder why the US is sending the USS Dwight D. Eisenhower aircraft carrier toward Yemen? (Story HERE)
