# The Red Sea crisis: A year of Houthi attacks their impact on global shipping | project44

> Houthi attacks on commercial vessels in the Red Sea have now continued for a full year, with over 90 vessels targeted and two sunk. Major carriers still avoid the Suez Canal, and November 2024 Suez container transits fell 72% from November 2023. Transit times rose sharply on Asia-US East Coast and Asia-Europe lanes, and schedules still show 4-6 day delays.

- Date: 2024-12-10 · published 2024-12-10T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/16983-the-red-sea-crisis-a-year-of-houthi-attacks-their-impact-on-global-shipping
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Longer routings around Africa absorb vessel capacity and keep ocean freight rates elevated, which raises landed costs for imported feed ingredients.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- project44.com: https://www.project44.com/supply-chain-insights/the-red-sea-crisis-a-year-of-houthi-attacks-their-impact-on-global-shipping/

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