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Red Sea attacks force rerouting of shipping vessels, Reuters reports

Attacks by Yemen’s Houthi militants on ships in the Red Sea, which it says are a response to Israel’s assault on the Gaza Strip, are disrupting maritime trade as freight firms reroute around the Cape of Good Hope to avoid the Suez Canal, reported Reuters. Some publicly traded marine transportation shipping stocks include Seanergy Marine (SHIP), OceanPal (OP), TOP Ships (TOPS), Torm plc (TRMD), Star Bulk Carriers (SBLK) and Eagle Bulk Shipping (EGLE).

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