[ad_1] Freight rates to Europe — India’s second largest export destination — via the Red Sea region have almost doubled due to rising attacks along the crucial shipping route, a…
Tag: Red Sea
Will shipping stocks rally caused by Red Sea woes last?
[ad_1] Shares of major European maritime shippers such as Maersk and Hapag-Lloyd have substantially surged in value due to Red Sea disruptions, with increased costs passed on as higher freight…
Houthi rebels drag India into Red Sea crisis
[ad_1] A nother year in the 2020s starts with the possibility of maritime blockades and trade disruptions, this time via Houthi rebels attacking commercial ships in the lower Red Sea,…
EU states try to ‘strike the right balance’ on US operation in Red Sea
[ad_1] European Union allies have been reluctant to back a United States-led naval operation to safeguard ships from attacks by Houthi militants in the Red Sea. ADVERTISEMENT Operation Prosperity Guardian…
US forces shoot down Houthi missiles in Red Sea
[ad_1] A US spokesperson says their forces also killed several gunmen during the attack by Yemen’s Houthi rebels. ADVERTISEMENT The US military has announced it shot down two ballistic missiles…
Shipping giant Maersk prepares to restart operations in Red Sea
[ad_1] Denmark’s Maersk, like several other shipping companies, had paused Red Sea journeys due to Houthi attacks in the area. ADVERTISEMENT Shipping mogul Maersk is preparing to restart operations in the…
Red Sea disruption – Opinion News
[ad_1] The geopolitical risks of the ongoing war between Hamas forces and Israel’s army engulfing the region have escalated with attacks on shipping vessels since November 19 by Yemeni Houthi…
Pentagon: Drone launched from Iran strikes tanker in Indian Ocean
[ad_1] A drone launched from Iran struck a chemical tanker in the Indian Ocean early on Saturday, in what appears to be the first attack on a commercial vessel outside…
Perfect storm
[ad_1] Who could’ve known that Yemeni Houthis, battered and broken after almost a decade of ugly war, will light the fuse that, possibly, sparks a wider war and redefines the…