AGP Executive Report
Last update: a minute agoRed Sea Shipping Shock: Iran-backed Houthis seized Yemen’s port of Mocha and pushed toward Dhubab, edging closer to controlling the Bab el-Mandeb chokepoint that links Red Sea trade to Djibouti and Eritrea—raising the stakes for fuel, oil, and commodity flows. War Risk Costs for the Horn: Bab el-Mandeb premiums are adding roughly $7–$8 per barrel, with southern Red Sea war-risk quotes climbing sharply; the knock-on hits landlocked Ethiopia that still routes most seaborne cargo through Djibouti. Djibouti’s Port Reality Check: Djibouti still handled 96.7% of Ethiopia’s seaborne trade in 2025/26, but Cape diversions and corridor pressure are doubling the bill for exporters and importers. Somalia Maritime Security: Somalia’s Upper House approved an Anti-Piracy and Anti-Kidnapping Bill to modernize prosecutions and align with the Djibouti Code of Conduct as hijackings return. Djibouti Tech/Industry Angle: Sri Lanka flagged agrifood, textiles, power, and maritime cooperation with Djibouti as part of wider Africa economic ties. Logistics Expansion: SolitAir launched freight services to Ghana via Accra, signaling continued growth in regional air cargo links.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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