Houthi attacks close vital Red Sea route for Maersk’s container ships
Jan 5, 2024 · Maersk announced Friday that it will suspend all shipping through the Red Sea for the “foreseeable future” because of the threat of attacks on vessels using the vital maritime trading route.
Red Sea crisis: What it takes to reroute the world's biggest cargo ships
Jan 21, 2024 · Container lines have been left scrambling to rent enough ships for the lengthened journeys their vessels must now take to avoid the Red Sea, and there are fears that the crisis could have...
Red Sea crisis: How global trade is being upended by attacks on ... - CNN
Feb 8, 2024 · Attacks on container ships in the Red Sea have wreaked havoc on one of the world’s most important trade routes, increasing shipping costs and raising inflation fears. Here’s what you need to know.
Red Sea crisis: The shipping industry is sounding the alarm as …
Jun 20, 2024 · Leading shipping groups have urged governments “with influence” to put a stop to Houthi attacks on vessels in the Red Sea after a second freighter sank this week. At least three seafarers have...
The ongoing ripple effects of Red Sea shipping disruptions
Jul 9, 2024 · Over six months have passed since the Red Sea tensions began, and the ripple effects on maritime shipping and global supply chains have intensified. Ships continue to be temporarily diverted around the Cape of Good Hope, significantly increasing transit times and operational costs.
Analysis: When will ocean carriers return to the Red Sea?
3 days ago · A reported ceasefire in the war between Israel and Hamas has raised speculation about when global container shipping lines could resume regular operations through the Red Sea. The route is a critical link to the Suez Canal for ships sailing between Asia and the Mediterranean, Europe and North America.
Red Sea fallout much greater for containers than tankers, bulkers
Dec 20, 2023 · The container-centric effect of the Red Sea crisis is being reflected in near-term stock pricing. Shares of container lines — particularly Israeli carrier Zim (NYSE: ZIM ) — are rising faster than shares of owners of Suezmax crude tankers and product tankers.
Red Sea security fears cut container shipments through Suez Canal
Jan 10, 2024 · The number of container ships at the mouth of the Red Sea on their way to or from the Suez Canal was 90 per cent down in the first week of January compared with the start of 2023, according to...
Top container lines reroute from Red Sea to avoid attacks
Dec 17, 2023 · MSC, CMA CGM, Maersk, and Hapag-Lloyd have all paused their vessels transiting the Red Sea and are rerouting via the Cape of Good Hope as Houthi militia step up attacks on commercial shipping.
Container ships abandon Red Sea as allies scramble to fend off …
Dec 19, 2023 · Container shipowners increasingly abandoned one of the world’s busiest trading routes on Tuesday, with many of the world’s largest cargo vessels diverting to avoid the Red Sea amid mounting...