Shipping stocks rise as US vows to keep attacking Yemen's Houthis

Scorpio Tankers

17/03/2025 10:56

** U.S.-listed shares of shipping companies rise premarket after the U.S. vowed to keep attacking Yemen's Houthis until the Iran-aligned group ends its assaults on shipping

** U.S. President Donald Trump launched military strikes against the Houthis on Saturday over the group's attacks against Red Sea shipping

** U.S.-listed shares of Zim Integrated Shipping Services ZIM.N up 4.6%, Torm TRMD.O up 2.3%, and Scorpio Tankers STNG.N up 1.1%, respectively

** The Houthis, an armed movement that took control of most of Yemen over the past decade, have launched scores of attacks on ships off its coast since November 2023, disrupting global commerce

 (Reporting by Kannaki Deka in Bengaluru)

 ((Kannaki.Deka@thomsonreuters.com))