Source link New Delhi’s strategic shipments passing through the volatile region have remained untargeted largely because of Moscow’s influence By Aaryaman Nijhwan, an international relations researcher and political commentator. He is a graduate of the University of Delhi, and the Moscow State Institute of International Relations (MGIMO). As the Israel-Gaza war enters its 13th week, […]
Source link 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 due to continued disruptions in the Suez Canal and Red Sea caused by attacks by the Houthi rebels, Bloomberg […]
Source link 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 an OilPrice report this week, citing analysts. The disruptions to global trade caused by continued Houthi attacks on […]
Source link Maersk has suspended operations in the region after militants fired at two of its vessels The US branch of Danish shipping giant Moller-Maersk has said it will follow its parent company and stop sending merchant vessels through the Suez Canal and Red Sea due to attacks by the Yemen-based Houthis. The Houthis – a […]
Source link Houthi rebel attacks on container ships have reduced traffic through the Suez Canal The ongoing disruption to shipping in the Red Sea is more damaging to global supply chains than the impact of the Covid-19 pandemic, according to data from maritime advisory firm Sea-Intelligence. Yemen-based Houthi rebels have carried out dozens of drone […]
Source link Somalia has insisted on Ethiopia terminating its “illegal” agreement with Somaliland Somalia has rejected mediation in a dispute with Ethiopia, insisting that resolution is only possible if its landlocked East African neighbor cancels a Red Sea access agreement it concluded with breakaway Somaliland. Relations between Mogadishu and Addis Ababa have deteriorated since Ethiopian […]
Source link Transit via the key trade route has reportedly been halted indefinitely over fears of new Houthi attacks British oil giant Shell has paused transit through the key Red Sea shipping route indefinitely over fears of attacks following the recent US and UK airstrikes on Yemen’s Houthi rebels, the Wall Street Journal reported on […]
Source link 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 attacks on merchant vessels in the Red Sea and the Gulf of Aden by Houthi rebels allegedly backed […]
Source link The Gaza conflict has brought regional pressures to a boil, Antonio Guterres has said The current instability in the Middle East may soon spiral completely out of control, the UN Secretary-General Antonio Guterres said at a press conference in New York on Monday. Guterres once again addressed the ongoing crisis, triggered by the events […]
Source link A leading global exporter of liquefied natural gas (LNG), QatarEnergy, has stopped sending tankers via the Red Sea amid growing uncertainty about the safety of passage on the vital shipping route, Reuters reported on Monday. An unnamed source with knowledge of the matter told the outlet that at least four tankers that used […]
Source link World trade plunged by 1.3% from November to December 2023 as a result of Houthi attacks on merchant vessels in the Red Sea, according to a new report by the IfW Kiel. The German economic institute said on Thursday that the volume of containers transported via the Red Sea had plummeted by more […]
Source link If agreed, the European operation could be launched in February, Euractiv reported The EU is considering sending a naval mission to the Red Sea to protect key shipping routes from attacks by Houthi militants in Yemen, the bloc’s diplomats have told Euractiv. EU ambassadors are expected to discuss the relevant proposal, coming from […]
Source link New Delhi and Tehran share common goal of “mitigating global concerns” about the Middle East as conflict there escalates Foreign Minister of India Subrahmanyam Jaishankar is planning to visit Iran in the coming days to discuss the ongoing war in Gaza as well as the situation in the Red Sea, where Yemen-based Houthi […]
Source link The UAVs, manufactured in collaboration with Israel, will be deployed along the western coast The Indian Navy received its initial batch of four domestically produced Medium Altitude Long Endurance (MALE) drones on Wednesday. This acquisition is expected to bolster the navy’s maritime capabilities, particularly in light of escalating tensions in the Red Sea […]
Source link Attacks by the Houthis are driving up shipping rates and causing a drop in deliveries India could lose billions in exports this fiscal year due to threats to cargo vessels posed by Houthi attacks in the Red Sea, Bloomberg reported on Monday, citing a study by a New Delhi-based think-tank. The country’s exports […]