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
FIATA calls for global monitoring and coordination to facilitate maritime transport as Red Sea tensi
GENEVA : In the wake of mounting tensions in the Red Sea, FIATA has released a call to action for strengthened international dialogue and monitoring between governments and
US military strikes another Houthi-controlled site in Yemen, poses risk to commercial vessels in Red
YEMEN : The US military conducted strikes on a Houthi-controlled site in Yemen early on Saturday, which it deemed a threat to commercial vessels in the Red Sea, according
US-UK launch massive airstrikes against Houthi rebels in Yemen after Red Sea shipping attacks
LONDON : The United States and the United Kingdom joined forces to launch a retaliatory attack against Iran-based rebel group Houthis in Yemen shortly after the group claimed
Red Sea attacks leave shipping companies with difficult choices
CAIRO : The shipping companies that move goods on one of the world’s busiest trade routes for factories, stores, car dealerships and other businesses face an excruciating decision. They can
India mulls subsidies for exporters facing higher shipping costs
NEW DELHI : Given the recent spate of attacks on cargo ships in the Red Sea, India is mulling a variety of measures, including subsidisations for Indian exporters
Yemen’s Houthis say they ‘targeted’ container ship CMA CGM Tage, no damage reporte
NEW YORK : Yemen’s Iran-backed Houthis said on Wednesday they had “targeted” a container ship bound for Israel, a day after the US Central Command (CENTCOM) said the
Red Sea Crisis : Shipping industry association warns rerouting may spike costs by 80%
MUMBAI : The rerouting of ships to Europe via the Cape of Good Hope due to ongoing attacks on containers in the Red Sea could lead to an
Hapag-Lloyd says Red Sea route still ‘too dangerous’
HAMBURG : One of the world’s biggest shipping firms, Hapag-Lloyd, will not resume its use of the Suez Canal despite an international military operation to keep the area
IBF to establish a High-Risk Area in the Red Sea
Following the incidents in the Red Sea and the Bab El-Mandeb strait since 19th November 2023, the International Bargaining Forum (IBF) have agreed to designate the southern section of