More Ships May Return to the Red Sea if Houthis Hold Their Fire
Shipping companies expressed caution about using the shorter route between Asia and Europe that many ships have avoided for ...
Hosted on MSN11mon
$1 million in extra costs and weeks of delays. How the Red Sea crisis is upending global trade
Attacks on container vessels in the Red ... 18 days for slower bulk carriers and tankers. There is some evidence that shipping customers are choosing to fly their goods rather than export them by ...
Supply Chain6d
DP World Says Curb on Red Sea Attacks Could Bring Ocean Freight Rates ‘Crashing Down’
On January 22, they released the 25-member crew of the British-owned Galaxy Leader cargo ship, more than a year after the vessel was seized in the Red Sea. About 70% of vessel traffic has been sailing ...
Yahoo News1mon
Red Sea Crisis Costs Egypt $7 Billion in 2024 as Suez Revenues Sink
The yearlong attacks on commercial ships in the Red Sea are continuing to take their financial toll ... One project aims to expand a 30-kilometer (18.6-mile) navigation route to allow for larger ...
Anadolu Ajansi10d
Red Sea crisis on shipping costs, rates 'dramatic': UN
An official from the UN Conference on Trade and Development (UNCTAD) on Thursday warned against the negative impacts of the ongoing crisis in the Red Sea on global trade. "We are very concerned ...
中国日报网1mon
Unlike US, China trying to resolve, not worsen Red Sea crisis
The intensified Red Sea situation has once again attracted global attention. The Red Sea crisis has been ongoing ... situation in the Middle East on Nov 18 that the Security Council has failed ...
MercoPress1mon
Shipping sectors benefit from the Red Sea blockade, boosting demand for ships and higher fares
But the Red Sea shipping ... 6.5% growth in ton-miles this year, the fastest rate of expansion for 14 years. Annual ton-mile growth has averaged 2.9% since the financial crisis.