Could this kick off a chain of other ocean transport vessel operators doing the same, and end up recreating the logistical nightmare back during Covid when that other ship got lodged in the Suez Canal?
Used to work as a data analyst for a global logistics company and this has me a bit worried.
Used to work as a data analyst for a global logistics company and this has me a bit worried.
You should be the one answering the question for us laymen. If you don't know nobody does
That was 8 years ago. Have not been in or followed the industry in depth that much.
That being said, I mean, its possible that other shipping carriers could follow suit, but at that level of stuff you are talking the gossip i heard from sitting on the same floor as the CEO and VPs, and emails being sent only to my former position, executive level report analyst, basically the reports for the VPs and CEO, and meetings with the same.
If such information were widely available it would fuck up the stock market to hard, and it would make it too hard for the few people who in reality are the only ones who know such things im advance to do insider trading and make huge world economy shaping plans with all their friends on all the other corporate boards they sit on.
I mean uh what no that never happens... yes uh for legal reasons disregard that last sentence.
SO ANYWAY, I currently do not have the info required to make more than a guess that it is a plausible scenario, the actual decision to uh kind of cripple global capitalism involves powerful people who do not cc on their email chains anymore.
Lets just put it this way:
After a bit more than a decade doing data analysis and programming and database management for a very prominent tech firm, previously mentioned global logistics firm and a non profit aimed at helping the homeless, I am now an anarcho communist who believes the MIT model that civilization will basically collapse by 2040, so I am currently attempting to fulfil one of my own personal dreams and make my own video game, before that happens.
Well, your comment escalated fast
... and it looks like my concerns were justified:
https://www.barrons.com/news/more-shipping-giants-suspend-passage-via-red-sea-after-attacks-b02b3b93
https://www.aljazeera.com/news/2023/12/15/yemen-rebels-hit-cargo-ship-in-latest-red-sea-attack
https://www.bbc.com/news/world-middle-east-67738792
Ok then! Get ready for Western economies to have even more problems, shortages, things lost in shipping and taking 3 times as long to arrive, and get ready for the public to not understand why and basically blame whatever they already do not like for a shittifying economy!
Uh I guess the long predicted US stock market collapse is now more likely. Maybe end of Q2 or beginning of Q3 in 2024?
I heard Hapag Lloyd will do the same, so you could be right
Smart with Iran proxy attacking everyone through the Houthis.
I don't understand why Iran wants a war so badly. They'll be annihilated so fast... and their civilians hate the government.
I'd love to see the Islamic Republic destroyed and freedom return to Iran via a citizens' revolt.
I remember seeing a documentary about starving children and famine in Yemen. Have things changed?
No, it's still awful there. But just like Gaza, where Hamas takes all the food and fuel from the civilians, the same thing happens in Yemen. It's a humanitarian disaster still.
The Hourthis are partners with Hamas and the Islamic Republic of Iran for a reason.
However, there's an Arleigh Burke class destroyer in the area along with an carrier strike group.
About 50 cargo ships pass through the red sea every day. Is there enough naval vessels to escort each one?
IIRC A carrier strike group has about 10 ships...
Short answer is yes there is enough. There was a French frigate running escort the other day which had to bat down Houthi drones. Looks to me like they're holding fire, but it won't be too long before FAFO.
I mean Iranian drones... but I'm just being pedantic, and I agree with your assessment. The Burk is constantly swatting those things down.
And the US just got Australia to send a destroyer as well.
Maersk could just pause taking on Israeli shipments and transit the Red Sea normally, following in OOCL's footsteps.
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