Due to the crisis in the Red Sea, ships are taking up to 15 days longer to arrive in the port of Barcelona

Due to the crisis in the Red Sea, ships are arriving in the Spanish port of Barcelona with a delay of ten to 15 days. Port chief Lluís Salvadó told reporters today. Ships in the Bab al-Mandab strait in the southern Red Sea are under attack by Yemeni rebels backed by Iran. Alternative routes around the southern tip of Africa are much longer and more expensive.

Impact on LNG routes and trade channels

The delays affect ships carrying all types of products, including liquefied natural gas (LNG). Barcelona is one of the largest LNG terminals in Spain.

Delays in the western Mediterranean are shorter because these ports are closer to the bypass route around Africa, Salvadó said. “It affects ports in the eastern Mediterranean very significantly,” he added.

Some shipping companies have suspended transit through the Red Sea, but many fuel tankers continue to use the route. QatarEnergy, the world’s second-largest LNG exporter, has stopped sending tankers through the Red Sea.

Fighting back

Yemeni Houthis have been attacking vessels since last November in response to the war between Israel and Hamas in the Gaza Strip. They are reacting to the support that some countries are giving to the Israeli government. Yemeni rebel positions have been attacked several times by the international coalition led by the United States as part of Operation Prosperity Guardian.

Denmark, where the shipping company Maersk is based, sent the frigate Iver Huitfeldt to the area today. It carries US-made Harpoon anti-ship missiles and ESSM surface-to-air missiles, but will not be able to defend itself or other ships against ballistic missiles, Danish Navy Chief of Staff Henrik Ryberg said. Last week, the Goose fired three anti-ship ballistic missiles at a US-flagged container ship operated by Maersk.

Source: Czech Press Office

author avatar
EditorialTeam
The Trader-Magazine.com EditorialTeam is a collective of certified financial analysts, active traders, and cryptocurrency experts. Our mission is to transform complex market data (forex, equities, indices) into accessible financial education. All content undergoes rigorous, multi-level fact-checking to ensure we deliver only accurate, objective information for your trading and investment decisions.

Top 10 financial instruments for 2022. What will their prospects be in 2023?

The year 2022 has brought countless surprises and obstacles...

Telegram scams: how they work and how to protect yourself

Telegram has become one of the most widely used...

Trump Saved TikTok from a Ban. The App in the U.S. Moves into American Hands

TikTok narrowly avoided a ban in the United States...

Gulf Brokers Ltd. Review

Comparing spreads, commissions, trading platforms, rules and reading dozens...

Climate Change Poses Major Risks to Financial Markets, Regulator Warns

WASHINGTON — A top financial regulator is opening a...

US stocks fell due to escalating conflict in the Middle East

U.S. stocks weakened today, led by technology companies. Market...

TSMC reports record quarterly revenue thanks to artificial intelligence boom

Taiwanese company Taiwan Semiconductor Manufacturing (TSMC), the world's largest...

Gold You Can Send in Seconds: Solonix.one Opens Regulated XAUT Custody

Physical gold has spent five thousand years being reliable...

Is the Amex Gold Card Worth It in 2026? Premium Cards Compared After Fee Hikes

The premium credit card market has changed quickly. Annual...
spot_img

spot_imgspot_img