[ad_1] Updated Jan. 16, 2024 12:30 pm ET British oil major Shell suspended all shipments through the Red Sea after U.S. and U.K. strikes on Yemen’s Houthi rebels triggered fears…
Tag: water transport
Air France-KLM, CMA CGM to End Cargo Deal, Start Talks on New Terms
[ad_1] Air France-KLM and shipping company CMA CGM plan to withdraw from a cargo-cooperation agreement, citing a tight regulatory environment in key markets, and are in talks for new terms.…
Houthis Turn Their Sights on U.S. Ships, Vow to Keep Attacking Red Sea Targets
[ad_1] Updated Jan. 15, 2024 12:57 pm ET Fresh attacks targeted American ships in the Middle East, days after the U.S. led a round of strikes meant to diminish the…
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…
Maersk Pauses Transit Through Red Sea Until Further Notice After Attack on Ship
[ad_1] Danish shipping giant A.P. Moeller-Maersk said it will pause all transit through the Red Sea and Gulf of Aden until further notice following the attack on its vessel Maersk…
U.S. Navy Destroys Boats Controlled by Iran-Backed Militias in Red Sea
[ad_1] By Benoit Faucon and Carrie Keller-Lynn Updated Dec. 31, 2023 11:26 am ET Listen to article (2 minutes) A U.S. Navy vessel destroyed three boats carrying pro-Iranian Yemeni rebels…
Maersk to Resume Red Sea Shipments as Multinational Force Deploys
[ad_1] Moller-Maersk said Sunday it plans to restart shipments through the Red Sea after pausing operations there earlier this month following attacks on its vessels. The shipping and logistics company…
U.S. Says Iran Drone Struck an Oil Tanker Near India
[ad_1] A chemical tanker in the Indian Ocean was struck by a drone launched directly from Iran early Saturday, the Pentagon said, signaling a widening risk to shipping after Yemeni…
Houthi Rebel Attacks Rattle Global Shipping
[ad_1] Updated Dec. 12, 2023 8:31 pm ET Yemen’s Houthi forces have attacked several commercial ships crossing through the Bab el-Mandeb strait in recent days, creating a new front in…
The World’s Key Canal Is Clogged Up. Winter Fuel Prices Could Get Wacky.
[ad_1] Climate change may be making winters more unpredictable. It could make your winter heating bills more unpredictable too, particularly if you live at the end of long and vulnerable…