Source link A day before the agreement would have come into force, Kiev pulled out, sources told Reuters Russia and Ukraine had almost reached a new Black Sea shipping deal in March after two months of negotiations, only for Kiev to abruptly walk away, Reuters reported on Monday, citing anonymous sources familiar with the matter. The freight […]
Source link The Defense Ministry has reported striking a stockpile of Ukrainian sea drones used by Kiev to attack the Russian fleet The Russian Defense Ministry on Sunday reported it had destroyed several high-value assets in Ukraine, including anti-aircraft systems, a radar, and a stockpile of Western supplied naval drones. Kiev has been touting its […]
Source link Japan, Australia, and the Philippines have joined with Washington for a joint military drill in waters claimed by Beijing The US and three of its allies have announced a joint military exercise in disputed waters of the South China Sea, potentially ratcheting up tensions with Beijing as they seek to demonstrate their commitment […]
Source link New Delhi has drawn a strong response from Beijing after reiterating its support for Manila in a territorial dispute India has “firmly reiterated” its support for the Philippines and its “national sovereignty,” as Manila remains locked in a territorial dispute with Beijing in the South China Sea. Tensions have further increased amid a […]
Source link Moscow does not recognize Washington’s attempt to illegally claim over a million square kilometers of maritime territory, including in the Arctic and the Bering Sea, the Russian Foreign Ministry has said. Russian representatives informed the Council of the International Seabed Authority of this on Monday. The council is currently meeting in Kingston, Jamaica […]
Source link The trade volume was diverted from Suez to route around South African Cape of Good Hope, the International Monetary Fund reports The Suez and Panama Canals have seen drops in trade of 50% and 32% respectively during January and February, compared with the same months in 2023, the International Monetary Fund (IMF) is […]
Source link Since the start of the conflict, Ukraine has destroyed multiple navy vessels with the help of the bloc’s rockets and drones Ukraine has used NATO-supplied missiles to take out Russian Navy vessels in the Black Sea, Secretary-General Jens Stoltenberg said on Thursday, adding that the US-led military bloc considers the area to be […]
Source link A “reckless” strike by the Yemeni group has “taken the lives of international seafarers,” US Central Command said Three people were killed and several others severely wounded in a Houthi missile attack on a ship in the Gulf of Aden on Wednesday, the US Central Command has said. According to Reuters, they are […]
Source link Turning meetings into political talk shows will hurt the Organization of the Black Sea Economic Cooperation, Russia believes A senior Russian diplomat has chastised Albania, which holds the rotating presidency in the Organization of the Black Sea Economic Cooperation (BSEC), for allowing one of the group’s events to be dominated by the Ukraine […]
Source link A German warship fired two missiles at what it thought was a Houthi UAV, but missed The German frigate Hessen, which was deployed to the Red Sea as part of an EU mission, mistakenly fired on an American drone earlier this week, the German Defense Ministry said on Wednesday. Berlin had previously disclosed […]
Source link Attacks on ships by Yemen’s Houthi rebels have caused a surge in costs and lengthy delays Over half of British exporters and manufacturers have faced problems due to shipping disruptions in the Red Sea caused by attacks on vessels by Yemen’s Houthi rebels, according to a new survey by the British Chambers of […]
Source link Maersk suspended vessel transits via the key trade route in January due to attacks by Houthi rebels Danish shipping major AP Moller-Maersk is advising customers to prepare for a prolonged Red Sea crisis that could stretch well into the second half of this year, CNBC reported this week. The second-largest global ocean carrier […]
Source link Israel is using whatever level of force they want in any area without accountability, Nabil Fahmi told RT The Red Sea region is “on fire,” Egyptian diplomat Nabil Fahmi has told RT in an exclusive interview. Fahmi, Egypt’s former minister of foreign affairs, who is now the dean of the School of Global […]
Source link The shipping disruptions are pressuring prices but not to the point that inflation projections should be hiked, Kristalina Georgieva says The Houthi rebel attacks on vessels in the Red Sea have had a significant impact on insurance and shipping rates, but have so far not affected global economic growth prospects, Kristalina Georgieva, the […]
Source link The Yemeni militant group targeted two commercial vessels, causing minor damage and no injuries, according to the Pentagon Houthi forces fired several ballistic missiles at cargo ships off the Yemeni coast on Tuesday, US Central Command has said in a statement. Since mid-October, the Yemen-based militant group has launched multiple drones and missiles […]