Red Sea Crisis

LONDON, Jan 21 (Reuters) – Britain’s Ministry of Defence said on Sunday it would spend 405 million pounds ($514 million) to upgrade a missile

By Alex Longley, Sherry Su and Bill Lehane Jan 20, 2024 (Bloomberg) –The oil market is bracing for a weeks-long disruption to shipping in the

By Kanishka Singh and Enas Alashray WASHINGTON/CAIRO, Jan 20 (Reuters) – U.S. Central Command forces on Saturday struck a Houthi anti-ship

DUBAI, Jan 20 (Reuters) – Commanders from Iran’s Islamic Revolutionary Guards Corps (IRGC) and Lebanon’s Hezbollah group are on the ground

New footage posted online allegedly shows the moment an Iranian ballistic missile fired by the Houthi group struck a Greek-owned bulk carrier earlier this week

Nine American maritime labor organizations, encompassing unions and trade associations, penned a letter to Gen. Jacqueline Van Ovost, Commander of the U.S.

Seafarers working on vessels connected to the United Kingdom and the United States sailing through the Red Sea are set to receive double pay due to increased

By Alex Longley (Bloomberg) — Houthi attacks on merchant shipping in and around the southern Red Sea are causing widespread disruption to global trade

With the ongoing Suez Canal diversions, container shipping costs are expected to rise as long as the risks to shipping remain. However, shipping industry

By Keira Wright and Áine Quinn (Bloomberg) — A ship carrying Australian cattle initially headed to the Middle East appears to have diverted toward

The U.S. Department of Defense has confirmed a fifth round of military strikes against Houthi-controlled targets in Yemen. Meanwhile, the rebel group carried

We’re getting our first look at damages caused by Houthi attacks on shipping. The Indian Navy released the below two image showing damage to the Marshall

The Iranian-backed Houthis have hit another US-owned bulk carrier in the Gulf of Aden after the Biden Administration re-designated the group as a

(Bloomberg) — Cargo ships are broadcasting that they are not connected with Israel in an effort to avoid Houthi attacks in the Red Sea area. At least 21

The United States has announced the re-designation of the Yemen-based group Ansarallah, also known as the Houthis, as a Specially Designated Global Terrorist

By Idrees Ali and Dmitry Zhdannikov WASHINGTON/DAVOS, Jan 16 (Reuters) – The U.S. military carried out a new strike in Yemen on

By Alex Longley and Áine Quinn (Bloomberg) — Some ship insurers are starting to avoid covering US and UK merchant ships against war risks when they

The U.S. has confirmed new military strikes in Yemen ahead of another successful Houthi missile strike on a Greek-owned, Maltese-flagged bulk carrier and

By Barry Parker (gCaptain) – When it comes to shipping market predictions, analysts crunching supply and demand numbers can sometimes, but not always,

By Andrew Gray, John Irish and Sabine Siebold BRUSSELS/PARIS, Jan 16 (Reuters) – European Union member states have given initial backing to a naval