Airstrikes on Yemen Bring New Level of Chaos to Shipping in the Southern Red Sea

  • Crews increasingly unwilling to navigate southern Red Sea
  • Three bulk carriers hit by projectiles in space of three days
WATCH: Marsh McLennan CEO John Doyle told Bloomberg in Davos that shipping insurance is in great turmoil.Source: Bloomberg

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The US and UK’s decision to hit back at Houthi militants after weeks of attacks on merchant shipping in the Red Sea has only escalated the chaos across the shipping industry, underscoring the threat of an enduring supply-chain crisis as vessels navigate the crucial trade route.