US and UK air strikes hit Yemen, Houthi-run TV reports
YEMEN : The United States and United Kingdom have carried out six air strikes against targets in Yemen, a Houthi-run television station reports, as the Yemeni group targets shipping lanes in the Red Sea.
Shipment delays double as ships clog up Singapore’s ports
SINGAPORE : The world’s second busiest container port at Singapore has seen a major spike in congestion, forcing carriers to stretch charter agreements and to build container fleets in preparation for an elongated peak
Red Sea crisis: Government must come to the rescue of MSME exporters
NEW DELHI : Logistics cost has serious implications on the country’s manufacturing sector, export competitiveness and global positioning. The Red Sea route, which is shorter and faster, was the preferred choice for most shipping companies.
Red Sea crisis: Container shortage & soaring shipping costs drive up cost of white goods
KIEL (GERMANY) : The ongoing conflict in West Asia, particularly in the Red Sea region has severely impacted global shipping, causing a significant increase in sea freight costs and disrupting the supply chains for
Indian container cargo to grow at 8% in FY25 amid Red Sea crisis
NEW DELHI : India’s coal cargo throughput at ports is estimated to grow at a CAGR of 3-4 per cent from FY24 to FY26, despite an anticipated decline in coal imports by 2-3 per
Red Sea crisis sees 2M separation go into reverse
SANNA : Following the announcement of the dissolution of the 2M Alliance the division of services was rapid, but since the beginning of this year the collaboration has regained momentum with an increase in
Ships told to reroute in Indian Ocean as Houthi attack range extends : Red Sea crisis
OMAN : A Houthi drone strike on an MSC container ship in the Indian Ocean has led to EU Forces advising shipping to avoid the Western Indian Ocean and the Gulf of Aden. EU
Analyst warns of congestions at Asian ports hit by Red Sea logjam
SHANGHAI : The Red Sea crisis is challenging Asian ports as congestion with “echoes of the pandemic” is seen in Asia and the Middle East with analysts warning logjam could also spread to European