Red Sea War Risk Insurance Rises With More Ships in Firing Line January 16, 2024 By Jonathan Saul War risk insurance premiums for shipments through the Red Sea are rising after further attacks on merchant vessels by Yemen’s...
US Merchant Vessel Struck by Anti-Ship Missile as Shippers Told to Avoid Red Sea January 16, 2024 By Alex Longley Houthi militants hit a US-owned commercial vessel with an anti-ship ballistic missile on Monday, underscoring warnings that the world’s most...
Houthi Attacks on Shipping in Red Sea Persist; U.S. and Allies Strike Back January 12, 2024 The United States and Britain carried out strikes from the air and sea against Houthi military targets in Yemen in...
Oil Tankers Continue Red Sea Movements Despite Houthi Attacks January 9, 2024 By Georgina McCartney and Arathy Somasekhar Oil and fuel tanker traffic in the Red Sea was stable in December, even though many container ships have rerouted...
Global Shipping Firms Continue to Pause Red Sea Shipments After Weekend Attack January 3, 2024 By Terje Solsvik and Vera Eckert Denmark’s Maersk and German rival Hapag-Lloyd said on Tuesday their container ships would continue to avoid the Red Sea route...
Hapag-Lloyd, Japanese Shipping Firms Continue to Re-route From Suez Canal December 29, 2023 Hapag-Lloyd will continue to divert its vessels around the Suez Canal for security reasons, a spokesperson for the German container...
Bulk Carrier Hits Mine in Black Sea, 2 People Injured, Ukraine Says December 28, 2023 A Panama-flagged bulk carrier that was headed to a River Danube port to load grain hit a Russian mine in...
Half of Red Sea Container-Ship Fleet Avoids Route on Threat of Attacks December 28, 2023 By Brendan Murray and Alex Longley Half of the container-ship fleet that regularly transits the Red Sea and Suez Canal is avoiding the route now because...
Gas Tanker’s Detour of 8,000 Kilometers Highlights Shipping’s Current Chokepoints December 27, 2023 By Elizabeth Low A gas tanker’s long, circuitous journey is highlighting the toll that war and climate change are taking on the shipping...
Shipping Costs Soar as War and Climate Risks Choke Key Waterways December 21, 2023 By Sharon Cho, Elizabeth Low and Serene Cheong Global shippers of crude and fuels are grappling with a spike in booking costs for some tankers taking lengthy diversions...