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Trump’s talk about Gaza will dispel the hopes for the return of shipping to the Red Sea economy

manhattantribune.com by manhattantribune.com
9 February 2025
in Business
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Trump’s talk about Gaza will dispel the hopes for the return of shipping to the Red Sea economy
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2/2/2025–|Last update: 2/2/202503:22 PM (Mecca time)

US President Donald Trump’s conversation affected the seizure of the Gaza Strip with hopes of the return of the freight movement to the Red Sea after more than a year of the turmoil resulting from the Israeli war on the Strip, according to the Financial Times newspaper quoted executive officials in the shipping sector.

Trump’s sudden announcement days ago raised fears of the Yemeni Houthi group renewing their threat to the commercial ships crossing the Red Sea, after it announced last month that it would stop targeting most ships after the ceasefire between Israel and the Palestinian resistance.

An unexpected approach

The British newspaper quoted the CEO of the Nordon Shipping Group, Jean -Rindbo, as saying that Trump’s plan added “to this image the turmoil and tension in the Middle East, which may prolong the issue of the Red Sea,” noting that the declaration increased “the risk of the Houthis not to remain in a situation fixed”.

Trump’s proposal on Gaza has exacerbated the uncertainty that his unexpected approach to trade and the shipping sector has exacerbated. In his early days in office, his threats to impose customs duties on many commercial partners to ignite fears of commercial wars and global economic decline that may affect the profits of ship owners .

After the Houthis announced on January 19, the penalties for ships, with the exception of those registered in Israel, or wholly owned by Israeli entities, the freight movement that passes off Yemen slightly increased.

Since the launch of their campaign to support Gaza in late 2023, the Houthis have threatened all ships heading to Israeli ports, as well as those owned by British and American entities (after the two countries launched a coalition targeting the group in Yemen).

The number of transit operations through the Bab al -Mandab strait, which enters the Red Sea after Yemen, increased by 4% to 223 in the following week for the Houthi announcement, according to the “Lloyd Les” research company, and among these ships is about 25 avoiding the region since 2023, or has not navigated historically across The strait.

According to the ICIS basic commodity data company, one of the LNG carriers that have recently left the Sultanate of Oman, the first shipment of non -Russian LNG across the Red Sea more than a year ago.

The Salalah LNG ship is heading to a Turkish port and is expected to arrive on February 16, indicating that it will have to take the Red Sea road to reach on time.

https://www.youtube.com/watch?v=r0wf7qbq4ww

Stability guide

The Financial Times quoted a marine risk analyst at Lloyds La Bridge Deco as saying that while “a small number of ships return (to the Red Sea)”, others are still “awaiting evidence of stability.”

According to executive officials, more ship owners are now preparing to escalate tensions in the Middle East and the Houthis’ return to target ships heading to Israel.

The CEO of “Vsbuchi Maritim” company, Lars Ginsen, who provides consulting services to ship owners and merchants, said that early hopes of returning to the Red Sea had been dissipated, adding that “a week ago there was a light at the end of the tunnel,” but now “the possibility of return To the Red Sea shrinking. “

Rindbo said that the transit movement may recover after about two months of peace in the Red Sea, but Trump’s declaration did not “help stabilize confidence that this is a stable area.”

It is worth noting that there are leaders around the Middle East who attacked Trump’s proposal to take over the American seizure of the Gaza Strip.

Return hopes

Merchants were eager to return to the normal situation after the turmoil, which increased for more than a year of shipping and costs, after the ships traveling between Europe and Asia took the longest path around Africa.

The Danish Merck Group of Shipping with containers expected this week that trade across the Red Sea will return to normal at the best of the mid -2025, and in the worst case it will remain restricted until the end of the year.

“Return through the Suez Canal is a complex process that we must make sure that we will not return for only a few months. Customers do not want the turmoil (in operations),” Mirzk CEO, Vincent Clerek, told the Financial Times.

Marsk earlier tried to return to the Red Sea in December 2023, but the Houthis targeted one of its ships and tried to climb it, prompting the company to redirect the shipping movement again.

“As long as there is a doubt about how things will appear after a few weeks, we will wait,” Clars said.

Tags: dispeleconomyGazahopesRedreturnseashippingtalkTrumps
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