India mulls subsidies for exporters facing higher shipping costs
NEW DELHI : Given the recent spate of attacks on cargo ships in the Red Sea, India is mulling a variety of measures, including subsidisations for Indian exporters to offset higher shipping costs and
Yemen’s Houthis say they ‘targeted’ container ship CMA CGM Tage, no damage reported
NEW YORK : Yemen’s Iran-backed Houthis said on Wednesday they had “targeted” a container ship bound for Israel, a day after the US Central Command (CENTCOM) said the militant group had fired two anti-ship
Red Sea Crisis : Shipping industry association warns rerouting may spike costs by 80%
MUMBAI : The rerouting of ships to Europe via the Cape of Good Hope due to ongoing attacks on containers in the Red Sea could lead to an increase of up to 80% in
Hapag-Lloyd says Red Sea route still ‘too dangerous’
HAMBURG : One of the world’s biggest shipping firms, Hapag-Lloyd, will not resume its use of the Suez Canal despite an international military operation to keep the area safe. Yemen’s Houthi rebels backing Hamas
IBF to establish a High-Risk Area in the Red Sea
Following the incidents in the Red Sea and the Bab El-Mandeb strait since 19th November 2023, the International Bargaining Forum (IBF) have agreed to designate the southern section of the Red Sea and the Strait