Overview

• Houthi rebels have sunk two ships and killed at least four seafarers since November.
• Shipping costs have surged due to diversions around the southern tip of Africa.
• Major shipping companies are facing delays and cancellations at ports in Asia and Europe.
• The international community is being called upon to protect seafarers and de-escalate the situation.
• Despite assurances, Russian vessels have also been targeted by Houthi attacks.