NEW DELHI : Union Commerce & Industry Minister Shri Piyush Goyal has said that, the Red Sea crisis increased freight costs and hit India’s exports to Africa, the EU, and Latin America but despite
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 amid another flare-up in attacks. In
THE HAGUE : As we approach 2025, the global container and shipping industry stands at challenging crossroads. With geopolitical shifts, new alliances and market fluctuations shaping the path going forward, the sector faces both
CAIRO : Live traffic of Container Ships through the Suez Canal and reroutings via the Cape of Good Hope shows the split between different vessel segments when it comes to the impact of the
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 and “impact our trade”, the government
HODEIDAH : Twenty crew members of the MV ISA STAR, a Panama-flagged cargo ship were rescued in the Red Sea on December 5 after the vessel sent out a distress call. The EU’s naval
KUALA LUMPUR : Global shipping costs are expected to remain high next year, with freight rates likely to continue rising due to ongoing challenges in the shipping industry, including US President-elect Donald Trump’s tariff
SANA’A : Yemeni Armed Forces have unveiled a new domestically-developed autonomous underwater vehicle (AUV), which is expected to enhance the combat capabilities of Yemen’s maritime units in the Red Sea and the Gulf of Aden. The
OSLO : The ongoing impact of conflict in the Red Sea, spiraling freight rates and congestion across global ocean container supply chains resulted in record high carbon emissions in Q3. The Xeneta and Marine
GENEVA : Global shipping costs surged in the first half of 2024, driven by unprecedented disruptions in major maritime routes and rising operational costs. The strain on supply chains and economies is intensifying, with