# How Houthi Red Sea Ship Attacks Upended Global Trade - Bloomberg

> Houthi attacks on ships in the Red Sea since November 2023 have caused the biggest disruption to global trade since the Covid-19 pandemic. Most vessel operators have rerouted traffic around the Cape of Good Hope instead of using the Suez Canal. The rerouting is longer and more expensive for Asia-Europe shipping.

- Date: 2025-05-01 · published 2025-05-01T12:00:00.000Z
- Category: geopolitics · region Red Sea · magnitude medium
- Page: https://feedsoft.ai/events/16944-how-houthi-red-sea-ship-attacks-upended-global-trade-bloomberg
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Longer voyages absorb vessel capacity and keep freight rates elevated, raising the cost of moving grain and oilseeds on affected routes. Any easing of the diversion would release capacity and pressure rates lower.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2025-05-01/how-houthi-red-sea-ship-attacks-upended-global-trade?sref=eo0IIyEe

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.