[ad_1] A new resolution demands Houthis stop their attacks immediately, saying they impede global commerce, undermine shipping freedoms and regional peace and security. ADVERTISEMENT The United Nations Security Council has…
Tag: Shipping
Red Sea crisis poses risk to interest rates, warns Bank of England
[ad_1] A surge in shipping prices triggered by chaos in the Red Sea poses a threat to interest rates, the Governor of the Bank of England has warned. Andrew Bailey…
Global shipping rates set to jump as carriers avoid the Red Sea amid Houthi attacks
[ad_1] The global supply chain is feeling the fallout from Iran-backed Houthi rebels attacking vessels in the Red Sea. Freight prices are set to jump Monday, while longer transit times…
European Gas Rises as Red Sea Attack Highlights Shipping Risk
[ad_1] European natural gas prices rebounded after a two-day slide as more attacks on vessels in the Red Sea raised the risk of prolonged disruptions to a key shipping route.…
The Houthi Boost to Shipping Shares May Fade
[ad_1] A new storm is rocking the global goods supply chain. It will most likely be short-lived—but shipping firms are still getting a boost. In 2023, trade disruptions from the…
Shipping Container Market to Grow by 2023: How Can Business Owners Benefit? » FINCHANNEL
[ad_1] The global shipping container market is poised for substantial growth, with industry experts predicting the market size to surpass US$ 13.68 billion by 2033. This anticipated expansion opens up…
Red Sea attacks could have ripple effect on shippers — and consumers — in Canada
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Red Sea crisis poses a fresh inflation headache for the UK
[ad_1] “European countries are importing more oil from the Gulf states and elsewhere to offset the loss of Russian oil exports,” says James Swanston, a Middle East expert at Capital…
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…