The estimated delay stemming from re-routing via the southern tip of Africa is approximately 10-14 days, as shown below. For cargo already in transit and trapped in the Red Sea, the delays can extend beyond this. Source:https://www.reuters.com/markets/commodities/how-are-red-sea-attacks-i...
He said the rebels’ attacks would only stop when the “siege on the Palestinian people in the Gaza is lifted.” The United Nations called on the Houthis “to cease all attacks against international shipping in the Red Sea,” U.N. spokesman Stephane Dujarric said, expressing serious...
After the COVID-19 roller coaster and macroeconomic ups and downs, Houthi attacks on Red Sea shipping lanes have added another layer of uncertainty to the air cargo sector in the early weeks of 2024-in this case signaling a boost in demand, at least in the short term.Helen Massy- ...
Editor's Note: The Pentagon on Saturday said that the USS Dwight D. Eisenhower, an aircraft carrier operating in the Red Sea and at the center of America's response to Houthi attacks, had begun its journey home and would soon be replaced by the USS Theodore Roosevel...
Attacks on ships in the Red Sea by Yemen’s Houthi rebels have unraveled a key global trade route, forcing vessels into longer and more costly journeys around Africa.
Oil major BP has also temporarily paused all transits through the Red Sea following the attacks over the weekend. The war between Israel and Hamas, which began on October 7, has sent shockwaves through the region and drawn in the United S...
UN Assistant Secretary-General Khaled Khiari speaks at the UN Security Council meeting on Houthi rebel attacks in the Red Sea at the UN headquarters in New York on Jan. 3, 2024. (Eskinder Debebe/UN Photo/Handout via Xinhua)
Ungar, a company domiciled in Israel. Two more of their vessels have been halted from transiting the southern Red Sea since the incident occurred. A further subsidiary of Abraham Rami Ungar, Ray Shipping, suffered physical damage on two of its vessels from attacks in the Gulf region in 2021....
He underscored the Houthi group's ability to replenish its arsenal, evidenced by its sustained attacks on shipping lanes despite daily U.S. airstrikes. While Dashela noted the United States' reluctance to engage in a ground war in Yemen thus far, Yemeni political analyst Abdul-Raqeeb Hadiyani...
HOUSTON (Reuters) - Global crude oil and oil products shipments taking the long route between Asia, the Middle East and the West are up 47% since attacks began on vessels using the shorter Red Sea route, the U.S. Energy Information Administration (EIA) said on ...