Shipping risks via Red Sea remain elevated despite Israel-Hamas ceasefire
LONDON : Most shipping companies and charterers will continue to route their tankers and cargoes via the longer Cape of Good Hope for the time being, despite the
Container ships in Suez Canal decreases
CAIRO : Live traffic of Container Ships through the Suez Canal and reroutings via the Cape of Good Hope shows the split between different vessel segments when it
CMA CGM ship loses 99 containers in storms off South Africa
SEOUL : A second CMA CGM ship in a month, MV CMA CGM Belem. has suffered a container stack collapse while transiting the Cape of Good Hope in
Severe weather halts container shipping at Cape of Good Hope
LONDON : Severe weather conditions near the Cape of Good Hope have brought container traffic to a halt this week, according to analysis by LSEG Shipping Research. Container
Houthis claim first attacks on ships in Indian Ocean
SANA’A : Yemen’s Iran-backed Houthi militia claimed on Friday that it had attacked Israeli and American ships in the Indian Ocean for the first time, only hours after
Red Sea crisis spurs surge in TEU capacity : Newbuildings fully absorbed
YEMEN : The total container ship capacity deployed on trades affected by the Red Sea crisis has increased by 1.26 million TEUs since October 2023, driven mainly by
Red Sea disruptions benefit shipping companies’ near-term profitability : Fitch Ratings
Global shipping companies’ short-term profitability will benefit from increased freight rates, which exceed the costs of re-routing following persistent attacks on commercial vessels in the Red Sea, Fitch
Red Sea crisis bites deep for Egypt as Suez Canal fees plummet
CAIRO : Suez Canal toll fees have taken a dive as ships redirect around the Cape of Good Hope, but the diversions have had a mixed impact on
Red Sea crisis hit India’s trade : Container Shipping line MSC and CMA CGM suspend key routes
CAPETOWN : Mediterranean Shipping Company S.A, the world’s largest container shipping line, has suspended two services from India, one destined for the U.S. and the other for the
Maersk diverts its Vessels from Red Sea ‘For the Foreseeable Future’
COPENHAGEN : Danish shipping giant Maersk has decided to divert all its vessels due to transit the Red Sea and Gulf of Aden south around the Cape of