Red Sea trade route will remain too risky even after Gaza ceasefire deal, industry executives say By Jonathan Saul and Helen Reid January 17, 20256:26 AM PSTUpdated a month ago
Red Sea trade route will remain too risky even after Gaza ceasefire deal, industry executives say By Jonathan Saul and Helen Reid January 17, 20256:26 AM PSTUpdated a month ago
"Matt Castle, vice president of global forwarding with logistics group C.H. Robinson, said: "It’s not likely the industry will see a large shift back to the Suez Canal in the short term."
He said this was due to the challenges related to securing cargo insurance given perceived high risks and time constraints, as it would take weeks or months to implement a new ocean shipping plan.
If the Houthis do halt the attacks, retailers may have to wait until the second quarter for shipping lines to fully shift their routes, said Craig Poole, managing director at Cardinal Global Logistics, whose clients include B&M Retail and Pets At Home.
"It'll definitely be a case of trialing the route, making sure that the ceasefire is genuine."
Maritime security sources said companies would treat any pledge by the Houthis to halt attacks with caution and would opt for test voyages to assess the risk environment.
For larger ships, such as tankers carrying liquefied natural gas, any resumption would take longer due to bigger risks if such a ship carrying a flammable cargo was hit."
****
So, a trade route pledge between the US and India for the US to export LNG to India and balance the trade deficit.
Looks like Trump is establishing who is friend and who is foe.
"In a further development, Trump has threatened to cut US aid to Egypt and Jordan if they refuse to accept displaced Palestinians from Gaza. Speaking at the White House, he also warned that he would scrap the ceasefire in Gaza unless Hamas released all Israeli hostages by Saturday.
"If the hostages are not released, the gates of hell will open," he said.
A senior Egyptian diplomat said any move to withhold US aid would directly threaten the 1979 peace treaty between Egypt and Israel.
"US assistance to Egypt is a formal part of the agreement," the diplomat said. "If this is withdrawn, the treaty itself will have to be reconsidered."
US President Donald Trump on Sunday said that he is committed to buying and owning Gaza, but could allow sections of the land to be rebuilt by other states in the Middle East.
"I'm committed to buying and owning Gaza. As far as us rebuilding it, we may give it to other states in the Middle East to build sections of it, other people may do it, through our auspices. But we’re committed to owning it, taking it, and making sure that Hamas doesn’t move back," he said."
Red Sea trade route will remain too risky even after Gaza ceasefire deal, industry executives say By Jonathan Saul and Helen Reid January 17, 20256:26 AM PSTUpdated a month ago
https://www.reuters.com/world/middle-east/red-sea-trade-route-will-remain-too-risky-even-after-gaza-ceasefire-deal-2025-01-17/
"Matt Castle, vice president of global forwarding with logistics group C.H. Robinson, said: "It’s not likely the industry will see a large shift back to the Suez Canal in the short term."
He said this was due to the challenges related to securing cargo insurance given perceived high risks and time constraints, as it would take weeks or months to implement a new ocean shipping plan.
If the Houthis do halt the attacks, retailers may have to wait until the second quarter for shipping lines to fully shift their routes, said Craig Poole, managing director at Cardinal Global Logistics, whose clients include B&M Retail and Pets At Home.
"It'll definitely be a case of trialing the route, making sure that the ceasefire is genuine."
Maritime security sources said companies would treat any pledge by the Houthis to halt attacks with caution and would opt for test voyages to assess the risk environment.
For larger ships, such as tankers carrying liquefied natural gas, any resumption would take longer due to bigger risks if such a ship carrying a flammable cargo was hit."
****
So, a trade route pledge between the US and India for the US to export LNG to India and balance the trade deficit.
Looks like Trump is establishing who is friend and who is foe.
Trump concedes land to Russia, and in doing so, justifies taking Gaza?
It appears that economic warfare is Trump's SMO.
********
Egypt’s Sisi 'postpones Washington visit after Trump aid threats, Gaza plan'
https://www.newarab.com/news/egypt-sisi-postpones-washington-visit-after-trump-aid-threats
"In a further development, Trump has threatened to cut US aid to Egypt and Jordan if they refuse to accept displaced Palestinians from Gaza. Speaking at the White House, he also warned that he would scrap the ceasefire in Gaza unless Hamas released all Israeli hostages by Saturday.
"If the hostages are not released, the gates of hell will open," he said.
A senior Egyptian diplomat said any move to withhold US aid would directly threaten the 1979 peace treaty between Egypt and Israel.
"US assistance to Egypt is a formal part of the agreement," the diplomat said. "If this is withdrawn, the treaty itself will have to be reconsidered."
US President Donald Trump on Sunday said that he is committed to buying and owning Gaza, but could allow sections of the land to be rebuilt by other states in the Middle East.
"I'm committed to buying and owning Gaza. As far as us rebuilding it, we may give it to other states in the Middle East to build sections of it, other people may do it, through our auspices. But we’re committed to owning it, taking it, and making sure that Hamas doesn’t move back," he said."