India's ethane imports from the US are being delayed by vessels taking longer journeys around the Cape of Good Hope instead of the Suez Canal to avoid the risk of attack in the Red Sea, potentially disrupting term contract discussions for the country's new ethane-fed cracker projects.LPG ...
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.
Officials from the Indian government denied any payment difficulties, blaming the decline in imports on less appealing prices and lower profit margins instead. Hardeep Singh Puri, the Minister of Petroleum for India, stressed that although the Red Sea attacks created a chaotic situation, India is ...
Read the latest developments of the Red Sea situation, compiled by the Ocean Freight Experts of DHL Global Forwarding.
Meanwhile, the attacks in the area also have a financial impact on shipping, in the sensethat war risk insurance premiums for Red Sea voyages have reportedly increasedafter the multiple attacks. Latest attacks MSC confirmed that on 26 December 2023 the container ship MSC UNITED VIII was attacked...
The Red Sea Film Festival awarded Ahmed Yassin Al Daradji’s “Hanging Gardens” the Golden Yusr for Best Feature Film, the top prize of the festival’s main competition. The film, which was also awarded the Silver Yusr for Best Cinematic Achievement for Duraid Munajim, was selected by a...
How Houthi attacks on ships in the Red Sea are affecting global trade Dec. 22, 2023 The cut lines include Asia-Africa-Europe 1, the Europe India Gateway, Seacom and TGN-Gulf, Hong Kong-based HGC Global Communications said. It described the cuts as...
( > 200) measurements in both the northern Red Sea and in the Gulf of Aqaba. The surface layer (0–50 m) had 44 data points from seven dives, but as it is much shallower than the observed range of our assemblages of interest, this is unlikely to impact our results. For each...
This had a major impact on the wild harvesting of the species and the agar industry. Today, the species has been almost entirely replaced by other agarophytes, notably cultivated Gracilaria. As a scarce resource, Gelidium biomass must be exploited with great caution. While it is true that ...
News / Maersk raises surcharges as Red Sea risk expands and costs mount MAERSK: LITTLE TWEAKDSV: UPGRADEF: HUGE FINELINE: NEW LOW WTC: CLASS ACTION RISK XOM: ENERGY HEDGEXPO: TOUR DE FORCEBA: SUPPLY IMPACTHLAG: GROWTH PREDICTIONHLAG: US PORTS STRIKE RISKHLAG: STATE OF THE MARKETHLAG: ...