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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 ...
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.
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 ...
Shipping stocks have been on the rise as tensions in the Red Sea have reduced container availability — and have sent freight costs higher. For example: Maersk (MAERSK-A.CO, MAERSK-B.CO) shares ...
Denmark's A.P. Moller-Maersk said on Wednesday that disruption to its container shipping via the Red Sea had extended beyond trade routes between the Far East and Europe to its entire global network.
This page is subject to the extended confirmed restriction related to the Arab-Israeli conflict. This article may be too long to read and navigate comfortably. Consider splitting content into sub-articles, condensing it, or adding subheadings. Please discuss this issue on the article's talk page. (October 2024) Red Sea crisis Part of the Iran–Israel proxy conflict, the Middle Eastern crisis ...
August 2024 oil spill caused by attacks on the tanker Sounion; Location: Red Sea, "77 nautical miles to the West of Al Hudaydah": Coordinates: 1]: Date: 22 August 2024: Cause; Cause: Destruction of the oil tanker Sounion by Houthi militants: Operator: Delta Tankers: Spill characteristics; Volume: Up to 150,000 tons (~1 million barrels) of petroleum: The attacks on the MT Sounion refers to ...
Oil prices were volatile Tuesday, jumping more than 2% earlier in the day on Red Sea tensions but later giving up those gains. U.S. crude was last down 82 cents, or 1.14%, to trade at $70.83 a barrel.