Volvo Cars, which is majority-owned by China’s Geely, will next week pause output at its plant in Gent in Belgium for three days due to delays caused by the security situation in the Red Sea, the company said on Friday. A delivery of gear boxes has been delayed, a spokesperson for t...
Situation Tensions in the Red Sea have increased since the commencement of the Israel-Gaza conflict on the 7 October 2023. The Yemen-based Ansar Allah movement (the Houthis) launched its first missile and Unmanned Aerial Vehicle (UAV) attack toward Israeli territory on 19 October 2023. There h...
Amir-Abdollahian said the developments in the Red Sea were interconnected with the situation in Gaza and the behavior of the United States and Israel toward Palestinians while underlining the importance of ensuring international shipping security. The top Iranian diplomat also highlighted the necessity t...
We are monitoring the situation constantly and we stand ready to promptly reassess and adjust our plans as needed. Advanced security procedures are in place to ensure the safety of the crew and vessel, our number one priority in handling the challenging situation in the Red Sea area. We will...
The effects of the Red Sea situation The complexity of the situation in Red Sea has intensified over the last few months. To safeguard our crew, vessels, and your cargo, we are rerouting around the Cape of Good Hope for the foreseeable future. However, the risk zone has expanded, an...
UPDATE n°II: Situation in the Red Sea and Notice of Force Majeure Safety and SecurityThe CMA CGM Group remains deeply concerned about the attacks on commercial vessels unfolding in the Red Sea Region. Over the past few days, we have taken preventive measures to ensure th...
The Red Sea disruptions could have a domino effect on the supply chain if the situation is not resolved by end of the first quarter, HSBC analysts told clients in a note Wednesday. A prolonged blockage could keep freight rates elevated beyond the first half of the year, according...
TEHRAN, March 14 (Xinhua) -- An Iranian official refuted on Thursday claims made by a British newspaper alleging that Tehran had engaged in "secret talks" with Washington regarding the situation in the Red Sea, according to Iran's state news agency IRNA. ...
Read the latest developments of the Red Sea situation, compiled by the Ocean Freight Experts of DHL Global Forwarding.
Further complicating the situation is the backlash among Arab countries against the U.S. policy on the ongoing Gaza conflict, making cooperation with the U.S. coalition less appealing.