The cost of insuring a ship through the Red Sea has more than doubled since the start of September and some underwriters are pausing cover as the risk of attack from Yemen's Houthis on commercial vessels increases, industry sources said.The Iran-backed Houthis first launched aerial drone and missile strikes on the waterway in November.
General Dynamics Mission Systems has been awarded a $15.9 million contract by the U.S. Navy to develop its Mining Expendable Delivery Unmanned Submarine Asset (MEDUSA) system.MEDUSA is a tactical, clandestine mining system using an expendable Unmanned Underwater Vehicle (UUV) that can be launched from a submarine torpedo tube. The U.S.