More grain ships were diverted from the Suez Canal to the Cape of Good Hope this week as Red Sea attacks continued, analysts said today.
About seven million metric tons per month of grain shipments usually pass through the Suez Canal to the Red Sea, but this number has decreased significantly as the Houthi militias continue to launch attacks on ships despite US-led air strikes on their positions in Yemen. .
Ishan Bhanu, senior agricultural commodities analyst at data and analytics firm Kpler, said: “Our calculations indicate that 12 more ships were diverted away from the Red Sea this week, carrying about 700,000 metric tons of grain.”
He added: “Shipments ranging between 4.5 and 4.6 million tons of grain have avoided the Red Sea since December. We have also seen more wheat shipped from France and the Black Sea to Asia away from the Red Sea.”
However, many liquid bulk carriers are still transporting grain through the region.
In a related context, the CMA CGM Shipping Group announced the suspension of the crossing of its ships today from the Bab al-Mandab Strait