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Houthi Rebels Sink Eternity C Bulk Carrier, 11 Crew Missing

Ten crew members have been rescued after the strike, following a doubling of insurance costs on Red Sea routes alongside a steep decline in Bab al-Mandab traffic

Overview

  • Houthi rebels sank the Eternity C in early July after launching sea drones and rocket-propelled grenades against the Greek-operated, Liberian-flagged vessel.
  • Ten survivors—including eight Filipino crew members, one Indian and a Greek security guard—were rescued after spending up to 48 hours in the water.
  • Four sailors are presumed dead and 11 remain missing or held by Houthi fighters, according to the EU’s Operation Aspides and Cosmoship Management.
  • Red Sea shipping insurance premiums have more than doubled since the renewed Houthi strikes, prompting some underwriters to pause coverage on high-risk voyages.
  • Vessels transiting the Bab al-Mandab strait have fallen by over 25%, and ships are broadcasting nationality or 'All Crew Muslim' messages on AIS in a bid to deter attacks.