Vessels that fit the Houthi’s so-called “target profile” are doing more than just rerouting to avoid being targeted by the Iranian-backed militant group.
The recent spate of attacks on commercial shipping in the Red Sea, including two incidents in which vessels were abandoned and one ultimately sank, has had no initial effect on Bab el Mandeb transits, according to Lloyd’s List Intelligence data.
Shipping’s recent extended rerouting of east-west trades around the Cape of Good Hope, to avoid potential Houthi attacks in the Red Sea, has led to huge increases in throughput at some ports, while others have seen dramatic declines.
There was a small increase in vessel transits through the Bab el Mandeb strait at 229 in the week ending March 17 (week 11 of 2024), compared with 219 in the previous seven days.
There was a new low in total transit volumes of all vessel types through the Bab el Mandeb strait in the week ending March 10 (week 10 of 2024) with just 218 passings recorded. This is 60% lower than the ‘normal’ pre-Houthi attack average in vessel terms and 57% down compared with the same week last year.
The number of bulk carriers transiting the Bab el-Mandeb Strait plunged to a fresh low for the week ending March 3 as Houthi attacks on commercial shipping pushed overall traffic in the region 53% lower compared with the year-ago period.
Despite the increasing frequency of Houthi attacks on commercial shipping in the Red Sea in recent weeks, the number of cargo-carrying vessels over 10,000dwt increased to a daily average of 240 in the week ending February 25, up from 213 vessels in the previous week.
For the first time since the Houthi attacks on commercial shipping in the region started in December, vessel transits through the Bab el Mandeb strait increased week on week.
Passings through the Bab el Mandab strait are showing signs of stabilisation with vessel transits falling by 4% from last week to around 231, although this figure will increase when factoring in vessels switching off their AIS transmitters. However, this is down from 459 vessels in the equivalent week (6) of 2023.
Numbers reflect cargo-carrying vessels of 10,000dwt+. Pre-Houthi attack average taken for the period November 6 - December 3, 2023.
Tanker operators are rerouting vessels away from the Red Sea in the wake of a Houthi attack which left a Trafigura-chartered vessel in flames over the weekend.
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The automatic identification system, or AIS, is a vessel tracking system that allows shipping to operate more safely and efficiently. Vessels over a particular size, and all passenger ships, are required to carry equipment that broadcasts information about their position, course and speed, as well as other important data.
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