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Increased maritime security in Red Sea by August 31?
5
Resolution / Starting Odds
Yes • 50%
No • 50%
Announcements by international maritime organizations or coalitions
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UKMTO Reports Potential Attack on Commercial Vessel 98 Nautical Miles South of Hodeidah
May 23, 2024, 06:12 AM
The United Kingdom Maritime Trade Operations (UKMTO) has reported a potential attack on a commercial shipping vessel in the Southern Red Sea, approximately 98 nautical miles south of Yemen's port city of Hodeidah and Al Hudaydah in Western Yemen. The incident, which occurred on May 23, 2024, involved a missile impacting the water in close proximity to the vessel's port side. Authorities are currently investigating the incident. This marks the first reported attack by the Houthis since May 17, 2024. The Houthi threat in the region has been a growing concern, with warnings about their activities being issued by various entities.
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Similar markets
Increased Security Measures • 50%
Status Quo • 50%
Increase in shipping insurance costs • 25%
Redirection of major shipping routes • 25%
Deployment of additional private security • 25%
No significant impact • 25%
Increased Rates • 34%
Decreased Rates • 33%
No Change • 33%
Increased Threat • 33%
Stable Threat • 33%
Decreased Threat • 34%
