Red Sea Shipping Attacks

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

The maritime security situation continues to escalate in the Red Sea, Gulf of Aden, Arabian Sea, Gulf of Oman, and the Indian Ocean, with threats growing

PARIS, Feb 2 (Reuters) – Shipping group CMA CGM on Friday suspended until further notice all crossings by its vessels of the Bab al-Mandab

The U.S. Department of Defense has provided new details on a busy 24 hours defending against Houthi attacks on shipping by Iranian-backed Houthi terrorist

Supply chain’s departure from “just-in-time” logistics since the COVID-19 is helping to limit short-term impacts from Red Sea shipping

CAIRO, Jan 31 (Reuters) – Yemen’s Houthis on Wednesday said their naval forces carried out an operation targeting an “American merchant