Just as the world’s shipping market is starting to suffer from the current turmoil in the Eastern Mediterranean waters around Israel, there is a Lightship clearly showing a preferred route.
There are now very worrying signs of the significant and persistent disruption in the Red Sea, due to the Iranian-backed Houthi rebels attacking some 24 ships in an effort to close off the straits entering the Suez Canal.
Some 12% of the world’s seaborne trade uses the canal for transit of cargoes.
Last week the shipping giant, Maersk, declared that it was re-routing its shipment...
