Source link A vessel traveling through the area was reportedly attacked by a suspected rebel drone, which caused “slight damage” to the vessel A British-owned vessel was attacked by a suspected Houthi drone off the coast of Yemen in the southern region of the Red Sea, the Associated Press reported on Tuesday, citing the UK’s […]
Source link Major shippers have stopped using the vital maritime route due to the ongoing Houthi attacks The Houthi rebel attacks on vessels in the Red Sea have spurred burgeoning interest in alternative routes such as the China-Europe rail route that runs through Russia’s Far East, CNBC reported on this week. Companies that organize the […]
Source link Diesel prices have jumped amid fears of disruptions in supply to the bloc, according to the outlet The surge in global diesel prices to an almost three-month high amid shipping disruptions is threatening to test the resilience of EU economies, the Financial Times reported on Wednesday. The rising prices reflect concerns among traders […]
Source link South Asian nation’s navy has intensified patrols of key shipping lanes amid growing geopolitical turbulence in the region The Indian Navy’s warship INS Sumitra, which has been deployed in the Gulf of Aden on an anti-piracy operation, rescued a hijacked Iranian vessel on Monday and ensured the release of both crew members and […]
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 Ankara has assured Russia it will continue to abide by the Montreux Convention, the foreign minister says The US will not be able to persuade Türkiye to allow access for its warships to the Black Sea amid the Ukraine conflict, Russian Foreign Minister Sergey Lavrov has said. Speaking at a press conference in […]
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 North Korea has launched several cruise missiles towards the Yellow Sea on Wednesday, the South Korean military reported. The news comes amid the rising tensions on the Korean Peninsula on the backdrop of a wave of weapons testing by Pyongyang and joint US and South Korean war games in the region. Seoul will […]
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 Two strategic Tu-95MS military planes have been escorted by several Su-30 and Su35 fighter jets, Russia’s Defense Ministry has said Two Russian Tu-95MS strategic bombers have performed a seven-hour-long flight over the neutral waters of the Sea of Japan, the Russian Defense Ministry said on Tuesday. The scheduled flight was “in strict accordance […]
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 […]