Shipping insurance costs spike in the Middle East as Israel-Iran conflict rages
NEW YORK : Israel and Iran’s escalating conflict has significantly driven up the cost of insurance for ships sailing through the Red Sea and Persian Gulf. Marine insurers are now charging 0.2% of the
Countries sharpen oil spill response in the Red Sea
HURGHADA (EGYPT) : Countries in the Red Sea region are taking steps to improve their preparedness and response systems for major marine pollution incidents involving oil and hazardous and noxious substances (HNS) spills. A
Yemeni Armed Forces ban all Israeli ships from passing via Red Sea, Bab al-Mandab Strait
SANAA : All Israeli ships are now banned from passing through the Red Sea, Bab al-Mandab Strait, the Gulf of Aden, and the Arabian Sea, according to a statement from the Yemeni Armed Forces
Red Sea nations step up search and rescue coordination with IMO support
MOMBASA : Maritime authorities and rescue coordination centres in the southern Red Sea and Gulf of Aden are working to strengthen regional coordination and boost their search and rescue capabilities, with IMO support. A
India-US shippers hit by three rounds of hefty rate hikes in January
MUMBAI : Indian shippers are getting flooded with general rate increase (GRI) and peak season surcharge (PSS) notices as container lines attempt to maximise pricing out of the troubled Red Sea waters. MSC has
New maritime route to increase trade competitiveness of Jordan, Egypt
CAIRO : The newly announced shipping route, dubbed the Arab Line for Maritime Transport, that links Egypt, Jordan, and Iraq, and launched recently by the Arab Bridge Maritime Company, continued to operate and facilitate
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
Maersk schedules dozens of vessels to travel via Suez Canal
COPENHAGEN : Maersk has scheduled several dozen container vessels to travel via the Suez Canal and the Red Sea in the coming days and weeks, it said on Wednesday, in a further sign that