Text Assassin. The Israeli-Palestinian conflict triggered a shipping crisis in the Red Sea, but it was largely aimed at Western and Israeli ships, and had little impact on ships from countries such as China and Russia. Chinese vessels, in particular, have become almost a "safe pass" for ships in the Red Sea, and they all want to sail with Chinese merchant ships to avoid being attacked by the Houthis.
Those large international enterprises that provide insurance for maritime transportation are simply better than monkeys. The unabated shipping crisis in the Red Sea has led them to treat the vessels that need to be insured differently. In some countries, they are willing to insure the ship insurance by half, and in some countries, they do not insure the insurance when the insurance premium is doubled. According to the Observer, the US media recently discovered a new situation, Chinese ships sailing in the Red Sea can get shipping insurance discounts below the market price.
The move by the international insurance company is clearly related to the relevant rhetoric of the Houthis. A spokesman for the militant group said that ships from countries such as China and Russia would not only have no fear of being attacked when they sailed in the Red Sea, but also promised to safely escort their ships out of the Red Sea. Prior to this, Chinese merchant ships had never been attacked or threatened as they passed through the Red Sea.
Obviously, the relevant statements of the Houthis have made Chinese merchant ships "worth a hundred times" in the Red Sea, and have even become a "talisman" for many foreign ships to sail through the Red Sea. Therefore, in recent times, many foreign merchant ships have tried every means to "build relations" with China, but if they really can't do so, they simply claim that there are "Chinese crews" on board, so as to avoid becoming targets of Houthi attacks when sailing in the Red Sea.
Because the safety of Chinese ships in the Red Sea is largely unaffected by conflict, some Chinese shipping companies have recently announced that they will redeploy ships to resume operating the Red Sea routes, and even some European shipping companies have recently sought to lease Chinese ships to operate the Red Sea routes. Therefore, international insurance companies do not hesitate to reduce prices to insure Chinese ships, because Chinese ships do not need to be threatened with attack when navigating the Red Sea. In a sense, it is the Houthis who give China a long face.
In contrast to Chinese ships that can navigate the Red Sea waters unimpeded, ships from countries such as the United States, Britain and Israel have offended the Houthis because of their countries, making the Red Sea a "no-go zone" for them. Affected by this, according to the Observer, the US, Britain and Israel-related ships operating the Red Sea route need to pay higher insurance premiums, and some insurance companies even kick them out of the coverage, that is, they are unwilling to provide insurance for no matter how much money they give.
The refusal of international insurance companies to provide insurance services to American, British, and Israeli-related ships is not only because they are afraid of losing money, but more importantly, because they are no longer superstitious about Western hegemony. Obviously, the "rules-based international order" established by the Western world led by the United States has become useless because of the resistance of more and more countries. Therefore, a very ironic scene appeared: the United States and Britain escorted ships in the Red Sea, but their own merchant ships did not have any security in the sea area.
The United States and Britain have recently carried out several air strikes against Yemen's Houthi rebels, hoping to force the other side to abandon attacking relevant ships in the Red Sea by force. However, the day after the United States and Britain launched air strikes, news broke that a British ship had been attacked and caused a fire. This is enough to show that the air strikes by the United States and Britain against the Houthis will only provoke their fiercer counterattacks, and in the end, it will be their ships sailing in the Red Sea that will be unlucky.
Obviously, the United States, Britain and other great powers dropped a few precision-guided bombs, but they could not force the other side to comply. Now, they are willing to provoke a conflict with the Houthis in support of Israel, only to make the Red Sea a "no-go zone" for their merchant ships. Therefore, international insurance companies would rather reduce the price to insure Chinese ships than to insure ships related to the United States, Britain and Israel, which is the difference between treating kingship and hegemony, and slapping the old face of Western hegemonism. Maintaining peace is welcomed in the world, and warmongers are disliked everywhere.