MSC says its ship hit by missile sailing to Djibouti
GENEVA : Container ship MSC Sky II was continuing its voyage to Djibouti on Tuesday after being hit by a missile a day earlier near Yemen’s port city
US targeted Iranian and Houthi commanders and shipping
NEW YORK : The United States targeted Iranian and Houthi commanders and a vessel that shipped more than $100 million in Iranian commodities to businesses in China in sanctions announced on Tuesday. Mohammad Reza Falahzadeh, deputy
How the Indian Navy can secure its sea lanes
It requires 30 years to build a Navy, said a famous Royal Navy Admiral during World War II, and added that it requires 300 years to build a
Red Sea diversion sends shipping costs soaring for Bangladesh apparel exporters
DHAKA : There’s been a more than 30 per cent increase in freight charges and an additional 15 days in sailing time due to ships rerouting away from
Red Sea : Houthi attacks put pressure on Cairo
YEMEN : Houthi attacks on international ships in the Red Sea have hit Egypt especially hard. As vessels have begun to avoid the strait between the Arabian Peninsula and northeastern Africa, and
Global trade disrupted as Red Sea crisis raise economic concerns
NEW YORK : The greatest disruption to global trade in decades has resulted from two months of missile, drone, and hijacking attacks against civilian ships in the Red
Indian exporters face rising costs after Houthi Red Sea attacks
NEW DELHI : The cost of Indian exports has more than doubled due to the Yemeni Houthi militia’s attacks on ships in the Red Sea, industry officials said.