Red Sea Crisis

By Patrick Sykes (Bloomberg) — Commercial ships in the Red Sea are getting more creative in their efforts to avoid attacks by Yemen’s Houthi

By Nayera Abdallah and Jonathan Saul DUBAI/LONDON, Feb 12 (Reuters) – Yemen’s Iran-aligned Houthis have targeted a cargo ship in the Red

DUBAI, Feb 11 (Reuters) – U.S. Central Command (CENTCOM) said on Sunday its forces on Feb. 10 had carried out strikes on two unmanned surface

(Bloomberg) — Major shipping companies are warning that the security situation in the Red Sea is continuing to deteriorate, despite efforts by the west

By Christian Wienberg and Sanne Wass (Bloomberg) — A.P. Moller-Maersk A/S shares plunged after the shipping company said it expects renewed gloom in

By Jacob Gronholt-Pedersen COPENHAGEN, Feb 8 (Reuters) – Maersk warned on Thursday that container shipping overcapacity would hit profits more than

As tensions in the Red Sea continue to escalate due to Houthi attacks on commercial vessels, the Royal Navy warship HMS Richmond is stepping in to replace HMS

The International Union of Marine Insurance (IUMI) confirmed in its annual winter meeting that the global marine insurance market continues to support trade in

By Arathy Somasekhar and Muyu Xu HOUSTON, Feb 6 (Reuters) – U.S. crude oil exports to Asia tumbled to 1 million barrels per day in January, the

By Alex Longley and Áine Quinn (Bloomberg) — Chinese-owned merchant ships are getting hefty discounts on their insurance when sailing through the Red

Feb 6 (Reuters) – Yemen’s Iran-aligned Houthis said on Tuesday they had fired missiles at two vessels in the Red Sea, causing

By Sharon Cho (Bloomberg) — The global oil market is looking increasingly local as militant attacks in the Red Sea and surging freight rates make

A group of prominent shipping associations have released revised security guidance for navigating the Southern Red Sea and Gulf of Aden in response to a series

By Mike Wackett (The Loadstar) – Asia-North Europe shippers have adapted their supply chains to the longer transit times around Africa, but now they

By Alex Longley (Bloomberg) –With western navies focused on trying to quell Houthi militants’ attacks on merchant shipping in the Red Sea, Somali

By Phil Stewart, Idrees Ali, Mohammed Ghobari and Timour Azhari WASHINGTON/ADEN/BAGHDAD, Feb 4 (Reuters) – The United States intends to launch further

By Alisa Odenheimer and Brendan Murray (Bloomberg) –An Israeli software startup and one of the world’s biggest shipping lines are among companies

By Phil Stewart and Idrees Ali WASHINGTON, Feb 3 (Reuters) – The United States and Britain launched strikes against 36 Houthi targets in Yemen on

In an insightful interview yesterday with Lester Holt of NBC, retired Admiral James Stavridis, the former Supreme Allied Commander of NATO, provided

By Natalie Grover (Reuters) – Tankers carrying Russian oil have continued sailing through the Red Sea largely uninterrupted by Houthi attacks