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U.S. ships are returning to the Red Sea following promises from Yemen’s Houthi rebels to abstain from attacks on American and British vessels. The pledge, which comes after more than a year of ...
The disruption is causing delays and driving up costs — at a time when the world has yet to vanquish a resurgence of […] The post Attacks on ships in the Red Sea are disrupting global trade.
Shipping rates have tripled since October on Asia-to-Europe rates, according to S&P Global, which warned of a “global contagion” from the Red Sea disruptions. The risk is that shipping and ...
Disruptions to Red Sea shipping caused by Houthi attacks will push up prices of consumer goods in Europe in particular, an executive from port and freight operator DP World said as the impact on ...
Some major shipping companies continue to steer clear of the Red Sea, even as others return following a new US-led security operation to safeguard the area — highlighting how fragile the ...
This page is subject to the extended confirmed restriction related to the Arab-Israeli conflict. August 2024 oil spill caused by attacks on the tanker Sounion Location Red Sea, "77 nautical miles to the West of Al Hudaydah" Coordinates 14°59′24.468″N 41°39′17.28″E / 14.99013000°N 41.6548000°E / 14.99013000; 41.6548000 Date 22 August 2024 Cause Cause Destruction of the ...
The attacks forced shipping to move around Africa and away from the Red Sea, which previously accounted for 12% of global trade. [ 2 ] [ 4 ] Major companies across sixty-five countries have been affected by the crisis, including Shell , BP and Maersk . [ 5 ]
Several shipping companies and a few liquefied natural gas (LNG) tankers have decided to avoid the world's main East-West trade route, following attacks launched by Yemen's Houthi group on ...