Red Sea - situation update Geopolitical tensions in the Red Sea have increased since the commencement of the Israel-Gaza conflict and this is particularly relevant for assets with links to Israel transiting the region. Following the recent attack on the vessel GALAXY LEADER in the Red Sea, we r...
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...
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...
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...
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...
A few remain stuck in the Red Sea with a choice between running the missile gauntlet by the Houthis or pay, likely, more than ½ million USD to get through the Suez Canal to get back to the Med.' First and foremost, the current situation will impact the Far East and Sub-Continent ...
Update February 2nd, 2024 The situation in the Red Sea remains volatile and so far, there has not been major improvements around navigation safety. We see ocean carriers continue to redirect ships to the longer Cape of Good Hope route and the military intervention in Yemen has increa...
This update is actually a group of reports recounting a series of dives that have taken place at the Red Sea crossing site from May to September 2000. These dives have been organized and performed by several different groups that are working separately but cooperatively in an effort to further...
Noting that 11 percent of world trade passes through the Suez Canal, Leigh said that the IMF is concerned that the worsening situation in the Red Sea could increase shipping costs, as it has already done. The impact on inflation, he said, might be modest at current levels, but "there's...
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 ...