Red Sea insurance soars after deadly Houthi ship attacks
LONDON : The insurance cost of shipping goods through the Red Sea has more than doubled in recent days after Yemen’s Houthis attacked and sank two ships, killing
Joint industry statement from ICS, BIMCO, European Shipowners | ECSA, INTERCARGO and INTERTANKO on t
LONDON : Joint industry statement from ICS, BIMCO, European Shipowners | ECSA, INTERCARGO and INTERTANKO on the latest developments in the Red Sea: “In recent days, two ships
US vows to keep hitting Houthis until shipping attacks stop
SANAA : The United States will keep attacking Yemen’s Houthis until they end attacks on shipping, the U.S. Defense Secretary said on Sunday, as the Iran-aligned group signaled
Yemeni Armed Forces ban all Israeli ships from passing via Red Sea, Bab al-Mandab Strait
SANAA : All Israeli ships are now banned from passing through the Red Sea, Bab al-Mandab Strait, the Gulf of Aden, and the Arabian Sea, according to a
MSC says it will keep avoiding Red Sea for now
GENEVA : Container liner MSC Mediterranean Shipping Co. SA said it will continue to send its ships around Africa’s southern tip until further notice, a sign that any
Maritime sources expect Houthis to halt Red Sea attacks after Gaza deal
LONDON : Maritime security officials said, on Thursday, they were expecting Yemen’s Houthi rebels to announce a halt in attacks on ships in the Red Sea, after a
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