ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Iran-backed Houthis attack another container ship transiting Red Sea

Mediterranean Shipping Co. on Tuesday said one of its cargo ships was attacked in the Red Sea by Houthi militants, coming amid a spate of escalating attacks on vessels.

Mediterranean Shipping Co. (MSC) said one of its container ships was attacked Tuesday afternoon while transiting the Red Sea. 

The Swiss-based company said its container ship MSC United VIII was attacked around 12:25 UTC while en route from King Abdullah Port, Saudi Arabia to Karachi, Pakistan. 

Yemen's Iran-backed Houthi militia also on Tuesday claimed to have fired missiles at the vessel, without saying it was struck.

"Currently, all crew are safe with no reported injuries and a thorough assessment of the vessel is being introduced," MSC said in a statement. "Our first priority remains protecting the lives and safety of our seafarers, and until their safety can be ensured MSC will continue to reroute vessels booked for Suez transit via the Cape of Good Hope." 

SHIPPING GIANT TO RESUME RED SEA VOYAGES WITH OPERATION PROSPERITY GUARDIAN IN PLACE

Attacks on vessels transiting the Red Sea have skyrocketed following Israel’s offensive against Hamas in response to the militant group’s Oct. 7 attack on Israel that left 1,200 dead and hundreds of others injured. 

Major shipping companies, including Denmark-based giant Maersk, have been avoiding the Red Sea and sending their ships around Africa and the Cape of Good Hope, adding costs and delays. 

CLICK HERE TO GET THE FOX BUSINESS APP

Maersk said Sunday it was preparing to allow its vessels to resume sailing through the Red Sea, thanks to the start of a U.S.-led multinational naval operation to protect shipping from attacks by Houthi rebels. 

FOX Business' Greg Wehner and Reuters contributed to this report. 

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.