Red Sea shipping pause : Industry sees 30% rise in costs, 2-week delay
NEW DELHI : Industry is bracing for a 30% rise in freight and insurance costs, and delays of around 15 days for consignments to reach Europe, with global shipping majors avoiding the Red Sea and Suez Canal.
MSC joins shipping giants Hapag-Lloyd and Maersk in Red Sea travel pause amid attacks
GENEVA : MSC, the world’s largest shipping carrier, said it is no longer traveling through the Suez Canal after its container ship, the MSC PALATIUM III, was attacked Friday while transiting the Red Sea
ZIM vessels divert from Arabian regional waters
HAIFA : Israeli container vessels are avoiding the Red Sea region as the conflict in Gaza and the heightened regional tension have increased the risks for all ships transiting the Suez Canal. Even so,
More container ships could be held up if Red Sea tensions escalate
HONG KONG : Any intensification of ship attacks in the Red Sea could tie up 30% of the boxship fleet as more vessels will need to be rerouted, according to Linerlytica’s latest report on
3 commercial ships attacked in Red Sea; Houthis claim responsibility, citing Israel-Hamas war
WASHINGTON : Three commercial ships came under attack in the international waters of the Red Sea on Sunday, U.S. military officials said — as Houthi militants claimed responsibility for the latest incursion in the Middle East,