Red Sea conflict sees Air cargo demand rise
PUTEAUX (FRANCE): Airfreight demand is rising as a result of the Red Sea conflict impact on Suez Canal shipping, according to Bolloré Logistics. The international transport and logistics company said that the “volatile” situation,
Shipping – Not a gentleman’s game anymore : Amitabh Kumar
The United Nations Convention on the Laws of the Seas (UNCLOS) grants ships of all States, whether coastal or land locked the right of innocent passage through the territorial sea. The convention further provides
Maersk suspends vessels’ passage in Red Sea strait for 48 hours after attack on Maersk Hangzhou
COPENHAGEN : Maersk, one of the world’s largest shipping companies, on Sunday (Dec 31) said that it was suspending the passage of its vessels through a significant Red Sea strait for 48 hours after
UK is ready to attack Houthi rebels, says UK Defence Secretary
LONDON : Britain is considering air strikes on Houthi rebels as the Defence Secretary, Mr. Grant Shapps warns that the UK will not hesitate to take “direct action” over their attacks on cargo ships in
Rice exports impacted by problems in Red Sea: Commerce Minister Piyush Goyal
NEW DELHI : Commerce and Industry Minister Shri Piyush Goyal on Thursday said rice exports have been impacted by the problems in the Red Sea, though a clear picture will emerge after the December exports data
Attack on ship off India’s west coast can raise war risk premiums as security tightens
NEW DELHI : India has deployed missile destroyers in the Arabian Sea following the drone attack on a chemicals tanker off its west coast as market participants cautioned December 26 that previously-stable war risk
Half of Red Sea container fleet avoids route after attacks
CAIRO : Half of the container-ship fleet that regularly transits the Red Sea and Suez Canal is avoiding the route now because of the threat of attacks, according to new industry data. The tally compiled by Flexport Inc. shows
US tries to persuade Shippers to sail Red Sea despite Houthi Attacks
WASHINGTON : The US military is trying to reassure shipping companies that a multinational force is making it safe to sail through the Red Sea and Suez Canal even though attacks from Yemen-based Houthi
