Combined, the companies that have diverted vessels "control around half of the global container shipping market," ABN Amro analyst Albert Jan Swart told Reuters. "Avoiding the Red Sea will lead to higher cost due to longer travel time," Swa...
Since the outbreak of the latest round of the Israeli-Palestinian conflict, the Houthi group in Yemen has used missiles and drones to attack targets in Red Sea. The group on Wednesday launched more missiles targeting a cargo ship in the Red Sea, Xinhua reported. The Houthi group confirms that...
The attack on the Barbados-flagged, Liberian-owned bulk carrier True Confidence further escalates the conflict on a crucial maritime route linking Asia and the Middle East to Europe that has disrupted global shipping. The Houthis have launched attacks since November, and the U.S. began ...
There was no immediate claim of responsibility from the Houthi group which controls the Hodeidah area. However, the group has launched numerous attacks in recent months against commercial shipping in the Red Sea. Since November last year, the Houthi group has launched anti-ship ballistic missiles a...
Although Iran has refuted any role in the Red Sea attacks, the Houthi strikes have become increasingly indiscriminate, engaging in multiple assaults against commercial shipping via anti-ship missiles, drones, and attack craft. In one instance, the group boarded and seized an Israeli-owned ship...
Red Sea / Suez Canal Shipping Crisis Major Shipping Companies Suspend Operations and Reroute Vessels December 21, 2023 In a significant escalation of tensions, Yemen’s Houthi militia has expanded its threats to target ships sailing to Israel, causing disruptions and raising security concerns in the...
The situation in the Red Sea and Suez Canal from attacks by Yemen’s Houthi group has resulted in concern about deliveries and the supply chain. It comes after the four largest shipping firms paused journeys through the area, including COSCO, CMA, Maersk and MSC, and which includes travelling...
HMS Diamond has shot down a suspected attack drone targeting merchant shipping in the Red Sea – destroying the target with a Sea Viper missile.pic.twitter.com/x68zX4WtWi — Rt Hon Grant Shapps MP (@grantshapps)December 16, 2023 Flexport Inc., a freight forwarding platform based in San Fr...
The seized missile components included types likely to have been used in the Red Sea shipping attacks. The attacks, US-led retaliatory strikes and the raid all have raised tensions across the wider Middle East.
attacks and providing intelligence on shipping targets.In the most serious escalation to date,US Central Command said on Dec.31 that it destroyed three Houthi boats and killed several militants after they fired on US helicopters that were responding to an attack on the Maersk Hangzhou container ...