Red Sea Crisis

By Terje Solsvik and Gus Trompiz OSLO/PARIS, Dec 22 (Reuters) – Some of the world’s largest shipping firms, including Maersk and CMA CGM, will

By Gavin van Marle (The Loadstar) – Shippers and consignees whose shipments are traditionally routed through the Suez Canal can expect longer transit

By Sharon Cho (Bloomberg) Global shippers of crude and fuels are grappling with a spike in booking costs for some tankers taking lengthy diversions to avoid

By Wendell Roelf (Reuters) – Shipping companies sailing around the Cape of Good Hope to avoid Houthi attacks on the Red Sea face tough choices over

By Peter Apps LONDON, Dec 21 (Reuters) – As the Pentagon asked allies to provide warships for an international task force to protect

Following recent attacks on commercial vessels in the Red Sea, shipping companies are facing increased costs due to longer voyages around the Cape of Good

FRANKFURT/ATHENS, Dec 21 (Reuters) – German shipping company Hapag-Lloyd said on Thursday it was the latest company planning to avoid

By Anna Shiryaevskaya (Bloomberg) — It’s getting cheaper — at least for now — to rent a liquefied natural gas tanker, despite turmoil in the Red

DUBAI, Dec 20 (Reuters) – The leader of Yemen’s Houthis warned on Wednesday they would strike U.S. warships if the Iranian-backed militia was

By Jonathan Saul LONDON, Dec 20 (Reuters) – Shipping companies remain in the dark over a new international navy coalition being

By Stefan Nicola (Bloomberg) — More than a hundred container ships are taking the long route around Africa to avoid violence in the Red Sea, creating

By Angeliki Koutantou  (Reuters) Greece has advised commercial vessels sailing in the Red Sea and the Gulf of Aden to avoid Yemeni waters, keep only the

By James Stavridis (Bloomberg Opinion) US Secretary of Defense Lloyd Austin has announced a new military effort in the Middle East: Operation Prosperity

By Alex Longley, Áine Quinn and Jack Wittels (Bloomberg) — The global shipping industry is bracing for the prospect of living without its most

SINGAPORE, Dec 19 (Reuters) – Several liquefied natural gas (LNG) vessels have changed their courses in recent days to avoid the Red Sea region

By Mike Wackett (The Loadstar) – Ocean carriers are imposing emergency peak season surcharges (PSSs) as global supply chains face weeks of disruption

The European Union Naval Force (EUNAVFOR) is continuing to closely monitor the situation of the hijacked Maltese-flagged MV Ruen in cooperation with local

(Bloomberg) — A chunk of global shipping is now avoiding the Red Sea after a run of attacks on vessels in the key waterway that is vital for the

By Sarah Young LONDON, Dec 19 (Reuters) – Britain warned that the security situation in the Red Sea was deteriorating and ballistic missile and drone

In the wake of missile attacks on merchant ships in the Red Sea, global consumers are set to face the repercussions as supply chains descend into chaos.