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Tag: Red Sea

Industry Opinions

BIMCO analysis: 13% of world seaborne trade under attack from Houthis and Somali pirates

Ioanna Kontos - 0
"Houthi attacks on ships in the Red Sea, coupled with a rise in piracy off the coast of Somalia, are disrupting global trade. In...
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Industry Opinions

OceanScore analysis shows near-tripling of EU ETS costs due to Red Sea crisis

Ioanna Kontos - 0
Persistent missile attacks by Houthi rebels on ships plying the Red Sea route have led to soaring emissions liabilities for shipping companies under the...
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Red Sea developments fail to overcome seasonal lull as rates correct

Container News Team - 0
With the Chinese New Year over and liner operators adjusting their operations to accommodate the diversions round the Cape of Good Hope, rates have...
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Red Sea crisis spurs surge in TEU capacity: Newbuildings fully absorbed

Antonis Karamalegkos - 0
The total container ship capacity deployed on trades affected by the Red Sea crisis has increased by 1.26 million TEUs since October 2023, driven...
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Singaporean bulk carrier hit by Houthi missiles in mistaken identity

Container News Team - 0
Houthi rebels have apparently fired at a Singaporean-owned bulk carrier after mistaking it for a US ship. The 2012-built Singapore-flagged Supramax vessel, Propel Fortune, was...
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Red Sea challenges boost charter rates

Container News Team - 0
Analysts and brokers are continuing to report charter rates spiralling upwards as carriers look to plug gaps in their diverted Asia to Europe services...
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News

Major shipping associations express concern about Houthi rebels’ first fatal vessel attack

Antonis Karamalegkos - 0
Several associations of the shipping industry published a joint statement to express their deep concern over the tragic loss of life and injuries suffered...
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Houthis first fatal ship attack: Three seafarers killed

Container News Team - 0
Houthi rebels have inflicted the first fatal attack on a ship since the Iran-backed group began reprisals for the Israel-Gaza War in November 2023. Three...
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Houthis hit MSC vessel in Gulf of Aden with missile

Container News Team - 0
An MSC-owned container ship was attacked by Houthi rebels while crossing the Red Sea on 4 March. According to the US Central Command, the 1999-built,...
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CMA CGM resumes Red Sea transits

Antonis Karamalegkos - 0
French shipping company CMA CGM Group has announced it will resume Red Sea transits on a case-by-case basis. The Marseille-based carrier said, "We have reevaluated...
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Hapag-Lloyd applies GRI on Pakistan–Middle East trade lanes

Rates & Surcharges Antonis Karamalegkos - 0
Hapag-Lloyd has announced a General Rate Increase (GRI) from Pakistan to the Arabian Gulf, Saudi Arabia (Eastern and Western Provinces), Jordan and Yemen, and...
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Wan Hai Lines debuts new Vietnam–Thailand–India direct route

Services Container News Team - 0
Wan Hai Lines has announced a new direct service, the Tamil Nadu–Thailand Express (TTX) service, with the first vessel arriving at India's Chennai and...
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Red Sea Eases, but Carriers Wary as Suez Canal Pushes for Return

CN Premium Articles Container News Team - 0
As the haze begins to lift over the troubled waters of the Red Sea, the Suez Canal Authority (SCA) is carefully balancing reassurance with...
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MSC and ZIM downsize joint Far East-US East Coast service network

Services Antonis Karamalegkos - 0
In response to the recent changes in demand for cargo transport from Asia to the United States, MSC and ZIM have decided to adjust...
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