Tag - shipping

 
 

SHIPPING

A satellite image shows the Rubymar cargo ship on Friday after it was heavily damaged in a Feb. 19 missile strike claimed by Iran-backed Houthi rebels.
WORLD
Mar 3, 2024
Ship sunk by Houthis threatens Red Sea environment
The sinking marks the first vessel lost since the Houthis began targeting ships in November.
Shipping risks have escalated due to repeated Houthi strikes in the Red Sea and Bab al-Mandab Strait since November in what they describe as acts of solidarity with Palestinians against Israel in the Israel-Hamas war.
WORLD
Feb 28, 2024
Houthis say they can reassess Red Sea attacks if Israeli 'aggression' stops
Shipping risks have escalated due to repeated Houthi strikes since November in what they describe as acts of solidarity with Palestinians.
The Nautica, a replacement oil tanker for the decaying FSO Safer, arrives in the Red Sea port of Hodeidah, Yemen, in July last year.
BUSINESS
Feb 25, 2024
Shortage of oil tankers at hand as Red Sea attacks divert trade
Only two new supertankers join the fleet in 2024 — the fewest additions in almost four decades.
U.K. Royal Air Force planes take off from Cyprus to strike military targets in Yemen on Saturday.
WORLD
Feb 25, 2024
U.S. and U.K. warplanes again strike Houthi-linked targets in Yemen
The strikes were intended to degrade the Iran-backed militants’ ability to attack ships in critical sea lanes.
As their popularity grow, Shein and Temu together send almost 600,000 packages to the U.S. every day.
BUSINESS / Companies
Feb 22, 2024
Rise of fast-fashion Shein and Temu roils global air cargo industry
Their pursuit of limited air-cargo space to woo consumers with rapid transit times make off-peak seasons almost disappear and cause capacity shortages.
A Houthi military helicopter prepares to land on the Galaxy Leader cargo ship in the Red Sea in November.
COMMENTARY / World
Feb 21, 2024
Why Beijing won’t fight the Houthis
Whether they target Chinese vessels directly or not, attacks on Red Sea shipping by Houthi rebels threaten to undermine China’s economic recovery.
Graffiti painted on a wall of the Saudi Arabian embassy in Sanaa depicts a Houthi fighter stopping an Israeli ship off the coast of Yemen. The group has been targeting ships in the Red Sea since November.
WORLD / Politics
Feb 20, 2024
Houthi strikes force crew to abandon ship for first time
The militant group made unverified claims that the attack on the British vessel resulted in its complete sinking.
International Monetary Fund Managing Director Kristalina Georgieva (right) speaks during the World Governments Summit in Dubai on Monday.
BUSINESS / Economy
Feb 13, 2024
IMF and World Bank warn Gaza and Red Sea chaos imperils global economy
The Israel-Hamas war and its knock-on effects could impact the world the longer the fighting drags on, IMF chief Kristalina Georgieva said.
The Galaxy Leader cargo ship is escorted by Houthi boats in the Red Sea in this photo released Nov. 20.
ASIA PACIFIC / Politics
Jan 28, 2024
U.S.-China talks fall short in nudging Beijing toward Red Sea breakthrough
Top officials wrapped up two days of meetings on managing the rivals' relationship, but saw little progress on addressing the crisis in the waterway.
People supporting Houthi rebels carry a mock missile as they protest during a rally against the U.S.-led strikes on Houthi targets and continued Israeli strikes in the Gaza Strip, in Sana'a, Yemen, on Friday.
WORLD / Politics
Jan 27, 2024
Yemen's Houthis escalate Red Sea attacks, hitting Trafigura fuel tanker
The firm said a missile struck the fuel tanker Marlin Luanda, which was carrying Russian naphtha, sparking a fire on board.
Iranian sources said Beijing had made it clear it would be very disappointed with Tehran if any vessels linked to China were hit, or the country's interests were affected in any way.
ASIA PACIFIC / Politics
Jan 26, 2024
China presses Iran to rein in Houthi attacks in Red Sea, sources say
But amid regional alliances and priorities, it is uncertain whether Tehran will take action following the discussions with Beijing.
Fighters loyal to the Houthis ride on the back of a pick-up truck during a military parade for new tribal recruits amid escalating tensions with the U.S.-led coalition in the Red Sea, in Bani Hushaish, Yemen on Monday.
BUSINESS / Markets
Jan 24, 2024
Red Sea attacks could disrupt shipping for months, driving up costs
With sailors demanding double pay and insurance rates skyrocketing, shipping lines are steering clear of a waterway that normally carries 12% of seaborne trade.
A crane moves containers in Montreal on Jan. 17.
BUSINESS / Companies
Jan 23, 2024
Chaos in the Red Sea is starting to bite into companies’ profits
With the Red Sea crisis roiling shipments, it’s only a matter of time before soaring costs and supply-chain strains show up in companies’ earnings reports.
Royal Air Force Typhoon aircraft have conducted precision strike operations against Houthi military targets in response to further attacks on shipping in the Red Sea.
WORLD / Politics
Jan 23, 2024
U.S., U.K. airstrikes hit more Houthi targets in fresh escalation
The airstrikes were the most significant in a series of attacks since the first wave of missile and Tomahawk launches by the U.S. and the U.K. in the early hours of Jan. 12.
The rupture of one of the world's busiest shipping routes has exposed the vulnerability of China's export-reliant economy to supply snarls and external demand shocks.
BUSINESS / Companies
Jan 22, 2024
Red Sea crisis pressures China's exporters as shipping delays mount
Further Red Sea disruptions would pile pressure on a struggling economy already contending with a property crisis and weak consumer demand.
A ship transits the Suez Canal toward the Red Sea on Jan. 10. Insurance costs for ships whose seafarers who do brave the waterway have shot up tenfold, including a large increase since the airstrikes.
WORLD / Politics
Jan 19, 2024
Airstrikes on Yemen bring new level of chaos to Red Sea shipping
After U.S. and U.K. airstrikes on Houthi targets in Yemen, Western navies caution ships to steer clear.
Houthi fighters and tribal supporters hold up firearms during a protest against recent U.S.-led strikes on Houthi targets, near Sanaa, Yemen, on Sunday.
WORLD / Politics
Jan 18, 2024
U.S. lists Houthis as terrorists as group attacks second U.S. ship
The Houthis say they are acting in solidarity with Palestinians and have threatened to expand attacks to include U.S. ships in response to strikes on their positions.
Houthi supporters rally to denounce air strikes launched by the U.S. and Britain, in Sanaa, Yemen on Jan. 12.
WORLD / Politics
Jan 17, 2024
U.S. strikes Houthi missiles as Greek vessel hit in Red Sea
Attacks by the Iran-allied militia on ships in the region since November have affected companies and alarmed major powers.
A container ship crosses the Gulf of Suez toward the Red Sea before entering the Suez Canal east of Cairo. Vessels have been pausing or diverting from the Red Sea amid the escalating conflict in the region.
WORLD
Jan 16, 2024
Yemen's Houthis threaten to hit U.S. ships as more tankers steer clear
The Iran-allied militant group said British and American vessels had become "legitimate targets" following last week's strikes on its sites by both countries.
A Royal Air Force Typhoon aircraft takes off to join the U.S.-led coalition to conduct airstrikes against military targets in Yemen on Friday.
WORLD
Jan 12, 2024
U.S. and U.K. airstrikes pound Yemen as Mideast conflict spreads
Houthi rebels have carried out a growing number of attacks on what they deem to be Israel-linked shipping in the Red Sea.

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