Arsenio Dominguez, the new secretary-general of the International Maritime Organization (IMO), has called for a “multi-faceted” solution to the ongoing Red Sea shipping crisis. Assuming the top post at the London United Nations body at […]
DUBAI, Jan 27 (Reuters) – Commodities trader Trafigura said on Saturday it was assessing the security risks of further Red Sea voyages after firefighters put out a blaze on a tanker attacked by Yemen’s Houthi […]
Houthi attacks in the waterway have prompted many companies to redirect vessels to longer and more expensive routes The cost of shipping fuel by sea has in some cases soared above $100,000 a day […]
Prolonged Houthi attacks on ships risk devastating effects on the global economy, according to OilPrice Higher freight costs and delays in cargo deliveries amid the Red Sea crisis could drive up global inflation, according to […]
The futility of 22 naval ships trying to patrol 2,200 km of Yemeni coastline were once again exposed yesterday with two US-flagged Maersk boxships fired upon by the Houthis as shipping comes to terms with […]
In an oil and gas report sent to Rigzone recently, Macquarie strategists said they do not expect current Mid East tensions to reduce crude supply, “even with large changes to normal shipping routes already underway”. […]
Daily Standup Top Stories LNG Tankers Divert From Red Sea as Qatar Warns of Escalation January 16, 2024 Stu Turley Qatar rerouted three vessels heading to Europe via Suez Canal Russia also avoiding key waterway as […]
Qatar rerouted three vessels heading to Europe via Suez Canal Russia also avoiding key waterway as Houthi attacks continue Liquefied natural gas suppliers, including Qatar and Russia, are avoiding the Red Sea amid heightened risk […]
New Delhi has called the Houthi attacks on merchant vessels a “matter of great concern” for the international community Indian Foreign Minister Subrahmanyam Jaishankar, who was in Tehran for a two-day visit, has said that […]
Oil Price Hours after targeting a U.S. warship with a cruise missile in the Red Sea, Yemen’s Iran-backed Houthis fired a missile and struck a U.S.-owned merchant vessel in the Gulf of Aden, giving further […]
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