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RED SEA VOYAGES
China's automakers are taking a shortcut to European marketsChinese car companies are sending vehicles to Europe through the Red Sea. This is happening even with Houthi attacks on ships. These attack...- Exporters' logistics costs may jump 20%India's exports are anticipated to face increased logistics costs, potentially rising by 15-20%, due to the ongoing Israel-Iran tensions. C...
- Red Sea trade route will remain too risky even after Gaza ceasefire deal, industry executives sayExecutives from various industries highlight the high risks and additional costs of war risk insurance, leading to continued route changes ...
- Houthi missiles strike two oil tankers in Red Sea, minimal damage reportedIn a significant escalation of tensions, two crude oil tankers, the Saudi-flagged Amjad and Panama-flagged Blue Lagoon I, were attacked in ...
- Red Sea attacks drove 90% decline in container shipping, US spies sayUS and UK airstrikes target Yemen-based Houthis to curb attacks on ships in the Red Sea. The economic impact widens as the group remains un...
- CMA CGM expects Red Sea shipping disruption to last monthsShipping firms are diverting vessels on to the longer, more costly route around southern Africa after Houthi militants in Yemen began drone...
- India can survive the Red Sea crisis, says head of US-India forumThe Red Sea crisis, caused by Houthi militants targeting shipping vessels, will not have an inflationary impact or cause a drastic shortage...
- Oil stocks in deep green amid Red Sea crisis. ONGC shares jump 8%Oil stocks jumped up to 8% on Monday led by gains in state-run Oil & Natural Gas Corporation (ONGC) and market heavyweight Reliance Industr...
- Oil jumps 1% after Houthis attack on fuel tanker in Red SeaBrent crude futures climbed 83 cents to $84.38 a barrel by 2341 GMT after hitting a session-high of $84.80. U.S. West Texas Intermediate cr...
- Red Sea Crisis: No disruption in oil flows to India, only freight up, says HPCL headThe attacks on shipping vessels in the Red Sea by Houthi militants have not affected India's crude oil supply, according to Hindustan Petro...
- LNG tankers carrying Qatari LNG resume course, data showsThe Houthi attacks, in what they call a bid to support Palestinians in the war with Israel, have disrupted trade on the main East-West rout...
- Oil tankers divert from Red Sea after US, UK strikes in YemenFour oil tankers, including Toya, Diyyinah-I, Stolt Zulu, and Navig8 Pride LHJ, have changed their course to avoid the Red Sea after strike...
- Sri Lanka to deploy naval vessel in Red Sea to fight Houthi attacks: President Ranil WickremesinghePresident Ranil Wickremesinghe declared that Sri Lanka will contribute a Navy vessel to counter Houthi rebel attacks on merchant ships in t...
- India seeks more Middle East crude as Red Sea attacks delay cargoesIndia's refiners are focusing on increasing supplies from the Middle East and other countries due to recent attacks on ships in the Red Sea...
- Shipping firms take first steps towards Red Sea returnThe world's top shipping companies, including Maersk and Hapag-Lloyd, stopped using Red Sea routes after Yemen's Houthi militant group bega...
- ET exclusive: Shipping giant Maersk decides to resume Red Sea voyages“As of Sunday 24 December 2023, we have received confirmation that the previously announced multi-national security initiative Operation Pr...
- Maersk tells its container ships to pause Red Sea voyages“Following the near-miss incident involving Maersk Gibraltar yesterday and yet another attack on a container vessel today, we have instruct...
- Maersk tankers to insist its ships can avoid the Red SeaHouthi militants, aligned with Iran, are attacking vessels with ties to Israel when they pass through the Red Sea, causing insurance costs ...
- Ever Given, the ship that blocked Suez Canal in March, crosses the canal againThe vessel, one of the world's largest container ships, became jammed across the canal in high winds on March 23, halting traffic in both d...
- Indian Navy ship to take part in races in EuropeINS Tarangini, the Sail Training Ship of Indian Navy, has commenced an eight-month voyage to participate in the annual Tall Ship Races and ...
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