The implementation of theUS-led “Operation Prosperity Guardian,”a military-oriented effort involving the coordination of a multinational coalition to counter the Houthi attacks and the growing threats to international shipping and to ensure freedom of navigation in the Red Sea, has gone hand in ...
Maersk announced on Tuesday that it will reroute vessels around Cape of Good Hope (Africa) and permanently halt Red Sea transits. The choice was made in response to assaults on the container vessel Maersk Hangzhou, which was assaulted by four Houthi boats on Sunday and hit by a rebel rocket...
Maersk had resumed travel through the Red Sea and Gulf of Aden after a December pause, but halted it again on Tuesday after one of its vessels was attacked. Uncertainty for firms has not eased despite a U.S.-led multinational military operation in the region, which aims to provide a "per...
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...
An MSC Mediterranean Shipping container ship sails southbound through the Great Bitter Lake in Ismailia. A steep decline in the number of tankers entering a vital Red Sea conduit suggests that attacks on ships in the area are further disrupting a key artery of global trade, Egypt, December 21...
Shipping Spaces Guaranteed in The Peak Season Sea Port in China 1 Foshan, China Sea Port in China 2 Ningbo, China Sea Port in China 3 Shanghai, China Transport Package Containers, Cartons Specification 20ft, 40ft, 40hc Trademark Compass Origin China(Mainland) HS Code 100000000 Prod...
BCC trade policy head William Bain said: “This research gives us immediate insight into the impact of Red Sea disruption on UK businesses. “There has been spare capacity in the shipping freight industry to respond to the difficulties, which has bought us some time. And recent Office for Nat...
Red Sea route to arrive on time. Bridget Diakun, maritime risk analyst at Lloyd’s List Intelligence, said that while “a small number of vessels are returning”, others were still “waiting for proof of stability”. But mor...
Toft pledged to resume using the Suez Canal "as soon as the security situation stabilizes in the Red Sea and Bab Al-Mandab regions," voicing their intention to invest more in Egyptian logistics projects. However, he reiterated concerns about crew and vessel safety after attacks on some MSC sh...
THE Red Sea attacks are unlikely to ease until the fighting in Gaza subsides and military strikes against the Houthis on land will not help, a defence researcher says. Shipping has welcomed the US-led Operation Prosperity Guardian, which includes Canada and European countries but not Middle East...