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...
Since October 2023, the Houthi, an Iranian-backed Zaydi Shi’a militia operating under the alias Ansar Allah, have engaged in violent operations against international shipping in the vital Red Sea trade route using Iranian missiles, drones, and marine vessels. After Hamas’ incursion into Israel...
2023 ended with new disruptions for trade and supply chains following the security crisis in the Red Sea and there’s no end in sight yet. To avoid Houthi militant attacks on their vessels in the Gulf of Aden and the Red Sea, shipping companies and their clients continue to avo...
The Red Sea Crisis: The Data Points With Lunar New Year just around the corner, the global shipping industry is still contending with the challenge of Houthi attacks in the Red Sea, with effects including rising freight rates, longer transit times, increased emissions, container shortages, and ...
Global Shipping Giants Navigate Challenges Amidst Escalating Red Sea Crisis Date: January 4, 2024 In the wake of escalating tensions and security threats in the Red Sea, major shipping companies are grappling with critical decisions to ensure the safety of their vessels and crews. The crisis, ...
Houthi attacks on shipping The map below points to major incidents around the Red Sea in recent weeks: Illustration: RBC Capital Markets News outlets citing Iran’s semi-official Tasnim news agency on Monday reported that an Iranian warship, Alborz, had entered the Red Sea, albei...
The attacks on shipping in the Red Sea have sharply driven up rates as attracting the interest of stock investors in listed container lines,
Crisis in the Red Sea/Fake Electors/Finding Cillian Murphy: With Emily Blunt, Anderson Cooper, Brad Cooper, Alesha Guenther. An inside look at the U.S. Navy response to Houthi Red Sea attacks; an alternate Donald Trump elector in Wisconsin speaks out; Ci
Just as we thought the worst is over in this post-COVID-19 era, shipping costs are escalating once again, but under different circumstances. The crisis in the Near East which surfaced in late 2023 is bringing about new challenges for industries shipping goods across the globe.Infofish Full...
The decline at Piraeus is mainly caused by challenges in global shipping routes through the Red Sea, where Houthi rebel attacks have redirected major shipping companies to circumvent the Red Sea and Suez Canal on routes from Asia to Europe, opting instead for the longer journey around Africa. Th...