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
Evolving trade routes dampen demand for Ultra Large Container Vessels
SINGAPORE : According to industry data, the demand for Ultra Large Container Vessels (ULCVs) has decreased as shipping companies shift to smaller, more versatile vessels to accommodate changing
Houthi attacks another container ship in Arabian Sea
SANAA : Yemen’s Houthi rebels claimed a drone attack on a Maersk container ship in the Arabian Sea on Dec. 27, stoking renewed concerns over Red Sea shipping
Attacks on vessels in Red sea impact our trade: Centre tells Parliament
NEW DELHI : India remains “concerned” at the evolving situation in West Asia and attacks against commercial vessels in and around the Red Sea threaten freedom of navigation
Shipping Industry faces one of Its greatest challenges : Drewry
LONDON : The shipping industry is contending with a worldwide shortage of seafarers, and it’s fueling a troubling mix of fake resumes, accidents at sea, and elevated freight
Egypt reports $6B loss from Houthi attacks on commercial shipping
CAIRO : Egyptian Foreign Minister Badr Abdel Aati announced that Houthi attacks on commercial vessels transiting through the Bab al-Mandeb Strait and the southern Red Sea have inflicted
Maersk sees no Suez Canal return until ‘well into 2025’ due to Red Sea threat
COPENHAGEN : A.P. Moller-Maersk, opens new tab expects strong demand for shipping goods around the world to continue in the coming months, but sees no return to sailing through
Russia provided intel about Houthi attacks on ships sailing through Red Sea: Report
NEW YORK : The Yemeni Houthi rebel attacks earlier this year on the crucial trade supply line that passes through the Red Sea was aided by Russian intelligence,
Houthi rebels are looking to gain from continuing conflict in the Middle East
CAIRO : In the days since Israel intensified its campaign against Hezbollah in Lebanon, including the strike that killed the militant group’s leader Hassan Nasrallah, Yemen’s Iran-backed Houthi rebels have been quick
Oil tanker on fire and adrift in Red Sea after multiple attacks
HUDAYDAH : A Greek-owned and flagged oil tanker is on fire and adrift in the Red Sea after a series of attacks, British and Greek authorities say. The