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 rates. “We have been seeing a
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 severe economic losses on Egypt. In
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 the Suez Canal until 2025 due
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, the Wall Street Journal reported. The attacks, which
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 to show they are an important
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 oil tanker MV Sounion was first
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 conditions.l The 13,000 TEUs CMA
US targets LPG ships in latest sanctions aimed at Houthis, Hezbollah
WASHINGTON D.C. : The US Department of the Treasury announced a fresh round of sanctions on companies, ships and one individual involved in trading Iranian oil and LPG used to finance the Houthi rebels’
