Indian Express
The ongoing crisis in the Red Sea is impacting Indian exporters, leading to a sudden shortage of containers, increased demand, and longer shipping times, according to the Indian Express newspaper.
India's container manufacturing capacity is limited, with the country relying heavily on China for steel containers, crucial for global goods trade. China is the world's largest container manufacturer, accounting for 95% of global production.
Since last November, the Houthi militia, internationally designated as a terrorist group, has continued its attacks using missiles and drones against commercial cargo ships in the Red Sea, Arabian Sea, and Gulf of Aden.
These attacks have led to increased maritime insurance costs and prompted many international shipping companies to opt for the much longer route around the southern tip of Africa.
To deter the Houthis and protect maritime navigation, the United States formed a multinational coalition in December 2023. Meanwhile, US forces have been carrying out strikes against Houthi military targets.
Since January 12, US and British airstrikes against the Houthis on the ground have totaled around 560, resulting in the deaths of 58 and injuries to 86, according to the militia's own admission.
The internationally recognized Yemeni government argues that Western airstrikes are ineffective in neutralizing the Houthi threat to navigation and that the most effective solution is to support its armed forces in retaking Hodeidah, its ports, and other areas controlled by the militia.
Despite the militia's continued maritime attacks, only three out of 162 ships they claim to have targeted since last November have suffered serious incidents or injuries.