Reported over 1 year ago
The sinking of a coal-carrier by a sea drone in the Bab el-Mandeb chokepoint has heightened navigation risks in the Red Sea, leading to increased insurance costs and concerns about the security of vessels in the region. The incident involved the sinking of the Tutor dry-bulk carrier by Yemen's Houthi militants, prompting a surge in insurance premiums for transit. The attack serves as a significant demonstration of the threats posed by the group to maritime activities in the area, with the possibility of expanded operations. The Chinese vessels receive discounted insurance rates due to lower likelihood of being targeted, providing insight into the complexities of maritime security and geopolitics in the region.
Source: YAHOO