Red Sea Shipping Attacks

International container shipping company ZIM (NYSE: ZIM) has reported a remarkable recovery in 2024, posting a net income of $2.15 billion, marking a

Yemen’s Houthi forces have declared an immediate ban on Israeli ships in the Red Sea, Arabian Sea, Bab al-Mandab Strait, and Gulf of Aden, threatening to

New sanctions by the U.S. Treasury’s Office of Foreign Assets Control (OFAC) have revealed that Houthi leaders actively coordinated with Russian and

The U.S. State Department has officially designated Yemen’s Ansarallah group, commonly known as the Houthis, as a Foreign Terrorist Organization (FTO),

By Salma El Wardany Feb 23, 2025(Bloomberg) –Egypt’s Suez Canal Authority said 47 ships have rerouted to use the waterway since the start of

The European Union has extended its maritime security operation in the Red Sea region until February 28, 2026, allocating over €17 million to safeguard

Global marine fuel sales jumped in 2024 after attacks by Yemen's Houthis starting in late 2023 prompted most shipping companies to divert vessels around

A new industry survey by maritime consultancy Drewry reveals that most container shipping stakeholders expect Suez Canal transits to resume before the end of

South Korean shipping giant HMM delivered strong financial results in 2024, with revenue reaching KRW 11,700 billion (USD $8 billion) and operating profit

Yemen's Iran-backed Houthis, who control most of western Yemen including the capital, are ready to mount attacks on Israel if it resumes its assault on Gaza

South Africa has significantly enhanced its maritime environmental protection measures with President Cyril Ramaphosa signing into law the Marine Pollution

Major geopolitical events and policy changes are significantly impacting global maritime trade in early 2025, with new U.S. tariffs and ongoing Red Sea

A US aircraft carrier strike group left the Red Sea for Europe weeks after Yemen’s Houthi rebel group said it will stop attacking vessels in the

Several U.S. and UK-affiliated vessels have successfully transited the Red Sea since the Israel-Hamas ceasefire took effect last week, signaling a potential

President Donald Trump has signed an executive order initiating the process to designate Yemen’s Ansar Allah, aka the Houthis, as a Foreign Terrorist

The 25 crew members of the car carrier Galaxy Leader have been released and transferred to Oman after spending 430 days in Houthi captivity following their

Maritime traffic through the Red Sea is expected to make a gradual comeback following the recent Israel-Hamas ceasefire, though security experts warn that

Despite the Houthis’ recent pledge to halt attacks on non-Israeli commercial vessels following the Israel-Hamas ceasefire agreement of January 19th,

The Iranian-backed Houthis have announced a significant scaling back of their attacks on commercial vessels in the Red Sea, following the implementation of a

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on Yemen Kuwait Bank for Trade and Investment Y.S.C