RED SEA
Maersk warns of extreme weather delays along South African coast
An intense cold front bringing snow to some areas of the country is resulting in damaging coastal winds, rains and waves that threaten infrastructure, the South African Weather Service forecast Sunday.
Budget 2024: How Sitharaman can steer the trade ship amidst two wars and Red Sea crisis to achieve $2 tn export goal
In the upcoming budget, key priorities for the export sector include boosting e-commerce exports through streamlined policies and infrastructure enhancements. Additionally, there is a push for Production Linked Incentive (PLI) schemes aimed at revitalising sectors such as toys and leather goods, fostering competitiveness and export growth.
Hapag-Lloyd CEO sees solid shipping demand driving up freight rates
The demand trend, combined with the Red Sea re-routings and port congestion in Asia, have counteracted what could have turned into a looming oversupply picture in the world fleet this year, said Rolf Habben Jansen.
India aims to clock $2 trillion goods and services exports by 2030
India aims to clock $2 trillion goods and services exports by 2030 amid the Red Sea crisis and two ongoing wars.
Houthis mount biggest month of attacks on ships this year
The attacks are helping to contribute to the second-largest increase in a gauge of global sea transport on record as vessels sail thousands of miles extra around Africa.
UK manufacturing growth slows as shipping delays hit exports, PMI shows
While output and overall new orders grew at close to their fastest pace in two years, export orders fell for a 29th successive month, due to the shipping delays and high freight costs.
- Go To Page 1
Global sea transport leaps most since 2010 after Red Sea attacks
Global sea transport sees a surge in activity due to geopolitical disruptions and attacks in the Red Sea. Vessels reroute to avoid conflict zones, impacting carbon emissions.
US military destroys seven drones, vehicle in Yemen
Over the past 24 hours, American forces destroyed seven drones and a control station vehicle in Huthi-controlled areas of Yemen due to imminent threats to US coalition forces and merchant vessels. These strikes aim to protect freedom of navigation and enhance the safety of international waters in response to attacks by Iran-backed Huthis targeting vessels in the Red Sea and Gulf of Aden. These actions, part of an international military effort, also address rising insurance costs for vessels and regional instability caused by the Huthis' continued aggression.
5 missiles land near ship in the Red Sea in likely the latest attack by Yemen's Houthi rebels
The rebels have targeted more than 60 vessels by firing missiles and drones in their campaign that has killed a total of four sailors. They seized one vessel and sank two since November. A US-led airstrike campaign has targeted the Houthis since January, with a series of strikes on May 30 killing at least 16 people and wounding 42 others, the rebels say.
Piyush Goyal to meet exporters Thursday
India’s goods exports in FY24 were $437.1 billion and imports were $675.4 billion. The ministry has been developing standard operating procedures to negotiate free trade agreements with other countries and could come up for discussion, said another person aware of the meeting. Exporters are also likely to take up the issue of extending the Production-Linked Incentive (PLI) scheme to leather intensive sectors such as leather and footwear.
Aerial drone launched by Yemen's Houthi rebels hits ship in the Red Sea, causing damage and injuries
A drone launched by Yemen's Houthi rebels damaged a vessel in the Red Sea, the latest in a series of attacks targeting shipping in the region. The attack occurred off the coast of Hodeida, damaging a bulk carrier. The UK Maritime Trade Operations center reported the mariners on board were safe. The Houthis claimed responsibility for the attack, contradicting reports that it was carried out with a drone boat. The US military confirmed the attack on the vessel, which was en route to Egypt from Malaysia.
Aerial drone likely launched by Yemen's Houthi rebels hits ship in the Red Sea
Yemen's Houthi rebels targeted a commercial ship in the Gulf of Aden, causing no damage, in a recent escalation of their attacks on shipping lanes amid the Israel-Hamas conflict. The vessel reported three explosions nearby but was not hit. The Houthis, who control Yemen's capital, claimed responsibility, identifying the target as the Transworld Navigator. The U.S. military destroyed three Houthi drone boats in the Red Sea and ordered the USS Dwight D. Eisenhower to return home after an extended deployment. The USS Theodore Roosevelt will replace it after exercises in the Indo-Pacific.
Ship attacked by Yemen's Houthi rebels in fatal assault sinks in Red Sea in their second sinking
A bulk carrier sank in the Red Sea days after an attack by Yemen's Houthi rebels, who are believed to have killed one mariner on board. The sinking of the Tutor marks an escalation in the Houthis' campaign targeting Red Sea shipping, despite ongoing U.S.-led efforts to halt the attacks. The attack, using drone boats, highlights the ongoing conflict in the region. The shipping industry has condemned the attacks, calling for them to stop immediately. Meanwhile, the Houthis claim that U.S.-led airstrikes targeted areas in Yemen under rebel control.
Ship attacked by Yemen's Houthi rebels in fatal assault sinks in Red Sea in second-such sinking
The sinking of the bulk carrier Tutor in the Red Sea has been confirmed by authorities following an attack by Yemen's Houthi rebels. The vessel is believed to have gone down days after the assault, which resulted in the tragic death of one mariner on board. This incident marks the second ship to be sunk in the rebel campaign.
Red Sea attacks drove 90% decline in container shipping, US spies say
US and UK airstrikes target Yemen-based Houthis to curb attacks on ships in the Red Sea. The economic impact widens as the group remains undeterred, affecting global maritime shipping.
World container shipping rates keep rising amid port congestion
Inflation is easing globally except for soaring cargo costs on high seas, with spot rates for shipping containers to US and Europe tripling since 2023 due to Red Sea attacks.
US military says destroyed Huthi radars, vessels
The US military destroyed two Huthi uncrewed surface vessels, one drone, and seven radars in the Red Sea. The Huthis, backed by Iran, have launched numerous drone and missile strikes in retaliation od the Israel-Hamas conflict. This has prompted coalition forces' reprisal strikes and the formation of an international coalition to safeguard shipping lanes. The move has caused casualties and humanitarian crises in Yemen.
US Navy faces its most intense combat since World War II against Yemen's Iran-backed Houthi rebels
The US Navy is engaged in intense combat with Iran-backed Houthi rebels in Yemen, marking its most significant sea battle since World War II. The conflict, overshadowed by other regional wars, involves daily attacks on commercial vessels and warships in vital waterways. The Houthis' arsenal has evolved from rifles to drones and missiles, posing a serious threat. Despite risks at sea and in the air, the Navy remains vigilant, facing a determined adversary in a complex and challenging conflict.
Red Sea crisis makes Zara and others hop on to belly space of passenger aircraft
Tensions in the Red Sea region prompt US and Europe-bound exporters to shift to air transport via Gulf nations. Major companies like Zara use freighters, while others utilize cargo space in passenger aircraft. As sea routes become less favorable, exporters opt for quicker options to meet demand. Collaborative efforts are crucial for efficient cargo transport operations.
Yemen's Houthi rebels launch boat-borne bomb attack against Greek-owned ship in Red Sea
Yemen's Houthi rebels launched a boat-borne bomb attack in the Red Sea targeting a commercial ship near the USS Laboon, amid a US-led campaign to safeguard the waterway.
Missile attacks by Yemen's Houthi rebels strike 2 ships in the Gulf of Aden, US military says
Yemen's Houthi rebels launched missile attacks on two ships in the Gulf of Aden. The first target was the Antigua- and Barbuda-flagged cargo ship Norderney, which was hit by two anti-ship ballistic cruise missiles, causing a fire that was extinguished by the crew. The second target was the Liberian-flagged, Swiss-owned container ship Tavvishi, which sustained damage but continued its journey. A coalition warship intercepted a second missile aimed at the Tavvishi.
Yemen's Houthi rebels detain at least 9 UN staffers and others in sudden crackdown, officials say
The detentions come as the Houthis, who seized Yemen's capital nearly a decade ago and have been fighting a Saudi-led coalition since shortly after, have been targeting shipping throughout the Red Sea corridor over the Israel-Hamas war in the Gaza Strip.
Yemen's Houthis say they launched missile attack on US aircraft carrier Eisenhower in Red Sea
Yemen's Houthis launched a missile at the U.S. aircraft carrier Eisenhower in the Red Sea, retaliating against U.S. and British strikes on Yemen. Houthi spokesperson Yahya Saree reported that these strikes killed 16 and injured 41, including civilians. The U.S. and British forces targeted Houthi-controlled areas to prevent further disruptions in the Red Sea. Iran condemned the strikes, calling them violations of Yemen's sovereignty. The Houthis have been attacking international shipping since November in solidarity with Palestinians, prompting retaliatory strikes.
Houthi rebels say at least 16 killed, 35 others wounded in joint US-British airstrikes in Yemen
Joint British-US airstrikes on Yemen's Houthi rebels killed 16 and injured 35 in response to attacks on shipping in the Red Sea and Gulf of Aden.
Another US MQ-9 Reaper drone goes down in Yemen, images purportedly show
Another U.S. MQ-9 Reaper drone reportedly crashed in Yemen, amid ongoing attacks by Houthi rebels in the Red Sea. The cause of the crash is unclear, but images show the drone largely intact in Marib province. This marks the third such incident this month. While U.S. Central Command acknowledged the reports, they stated no aircraft were lost in their area. Marib's strategic importance in Yemen's war has seen previous drone downings. The Houthis, who previously downed MQ-9 drones, and Marib authorities have not commented.
Yemen's Houthis say they attacked three ships, two US destroyers
Yemen's Houthis group has launched attacks on three ships in the Indian Ocean and the Red Sea, and two U.S. destroyers in the Red Sea. The group claims the attacks are acts of solidarity with Palestinians in Israel's war in Gaza. The group has been using missiles and drones against ships sailing towards Israeli ports since November.
Remain focused on being combat ready at all times: Navy chief to officers
Indian Navy Chief Admiral Dinesh K Tripathi has emphasized the need for the Navy to remain combat-ready to protect national maritime interests, especially in light of China's increased presence in the Indian Ocean and the volatile situation in the Red Sea. He highlighted the Navy's commitment to self-reliance and the importance of finding in-house solutions and embracing new technologies to address challenges in the maritime domain. The Navy has been actively providing assistance to cargo vessels under attack in the Red Sea, where Houthi militants have targeted ships to pressure Israel.
Yemen's Houthi rebels launch a missile that strikes an oil tanker in the Red Sea, US military says
Yemen's Houthi rebels targeted the Panama-flagged, Greek-owned oil tanker in the Red Sea amid conflicts over the Israel-Hamas war. They disrupted trade routes to China and Russia, causing a fire aboard the Wind. The rebels faced a US-led airstrike campaign in Yemen's Marib province.
Load More
