NEW DELHI: A total stop to pharma shipments to West Asia this month alone can drain Rs 2,500–Rs 5,000 crore of export value, the Pharmaceuticals Export Promotion Council of India (Pharmexcil) has warned, as freight rates
COPENHAGEN: In a renewed shift to safeguard operational reliability, Danish shipping major Maersk has decided to temporarily reroute several of its vessel services away from the Suez Canal corridor, opting instead for the longer
YEMEN : Amid rising tensions in Yemen, Saudi Arabia carried out airstrikes on the port city of Mukalla on Tuesday, targeting a shipment of weapons reportedly destined for the UAE-backed Southern Transitional Council (STC),
COPENHAGEN: Maritime experts and shipping industry insiders are not expecting a return of ocean carriers to the Red Sea anytime soon, despite the Israel-Hamas ceasefire deal. “This is all still very early days,” said
SANNA : Yemen’s Iran-aligned Houthis said on Monday they had rescued 10 seafarers from the Greek-operated cargo ship Eternity C, which they attacked and sank in the Red Sea earlier this month. The Liberia-flagged
NEW YORK : The U.N. Security Council on Tuesday authorized continued reporting on attacks on ships in the Red Sea by Yemen’s Houthi rebels, who have defied its previous demands to immediately halt all
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 at least four seafarers after months
YEMEN : The search for those missing after Yemen’s Houthi rebels sank a ship in the Red Sea has ended as at least four people are presumed dead and 11 others remain unaccounted for,
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 have now been attacked in the
SANA : Yemen’s rebel government says it supports a vow by its armed wing a day earlier to hit US ships in the Red Sea should Washington launch strikes on Iran. “We affirm the