Red Sea shipping rebounds 60% as Houthi attacks decline

The volume of ship traffic in the Red Sea has increased by 60% since August 2024, now reaching 36 to 37 ships per day. Despite the rebound, volumes remain well below pre-crisis levels, according to Rear Admiral Vasileios Gryparis, commander of the EU’s Aspides naval mission. Gryparis told Reuters that the uptick in merchant shipping …