Tag - red-sea



A liquefied natural gas shipment on the Suez Canal in Ismailia, Egypt
BUSINESS / Economy
May 16, 2024
Red Sea disruptions are splitting global LNG trade into regions
It’s been four months since an LNG tanker has passed through the strait separating the Arabian Peninsula and Africa.
The Barbados-flagged bulk carrier vessel True Confidence in Ravenna, Italy, in 2022
WORLD / Crime & Legal
Mar 28, 2024
Deaths on Houthi-ravaged vessel herald perilous era for Middle East shipping
The experience of the True Confidence shows the threat to the oil tankers, cargo carriers and seafarers who are still using this vital waterway for trade.
The Rubymar cargo ship sinking off the coast of Yemen on Feb. 27. The vessel had 21,000 metric tons of ammonium phosphate sulfate fertilizer on board.
Mar 6, 2024
Yemen faces 'environmental disaster' as sunken ship threatens Red Sea
Leaking fuel and fertilizer from vessel struck by Houthis could harm marine life and impact coastal communities that rely on fishing.
A satellite image shows the Rubymar cargo ship on Friday after it was heavily damaged in a Feb. 19 missile strike claimed by Iran-backed Houthi rebels.
Mar 3, 2024
Ship sunk by Houthis threatens Red Sea environment
The sinking marks the first vessel lost since the Houthis began targeting ships in November.
Shipping risks have escalated due to repeated Houthi strikes in the Red Sea and Bab al-Mandab Strait since November in what they describe as acts of solidarity with Palestinians against Israel in the Israel-Hamas war.
Feb 28, 2024
Houthis say they can reassess Red Sea attacks if Israeli 'aggression' stops
Shipping risks have escalated due to repeated Houthi strikes since November in what they describe as acts of solidarity with Palestinians.
The Nautica, a replacement oil tanker for the decaying FSO Safer, arrives in the Red Sea port of Hodeidah, Yemen, in July last year.
Feb 25, 2024
Shortage of oil tankers at hand as Red Sea attacks divert trade
Only two new supertankers join the fleet in 2024 — the fewest additions in almost four decades.
Graffiti painted on a wall of the Saudi Arabian embassy in Sanaa depicts a Houthi fighter stopping an Israeli ship off the coast of Yemen. The group has been targeting ships in the Red Sea since November.
WORLD / Politics
Feb 20, 2024
Houthi strikes force crew to abandon ship for first time
The militant group made unverified claims that the attack on the British vessel resulted in its complete sinking.
Canadian Foreign Minister Melanie Joly said she had also spoken to her Chinese counterpart Wang Yi about making sure that Western sanctions against Russia held as the war in Ukraine dragged on.
Feb 19, 2024
Canada says China has role to play in keeping Red Sea safe
Chinese ships that ply the key trade route between Asia and Europe are at risk of attacks by Houthi militants as well, Canadian foreign minister says.
International Monetary Fund Managing Director Kristalina Georgieva (right) speaks during the World Governments Summit in Dubai on Monday.
BUSINESS / Economy
Feb 13, 2024
IMF and World Bank warn Gaza and Red Sea chaos imperils global economy
The Israel-Hamas war and its knock-on effects could impact the world the longer the fighting drags on, IMF chief Kristalina Georgieva said.
Yemeni security forces stand guard upon the arrival of the United Nations' special envoy for Yemen ahead of a meeting with local officials in the city of Taez on Monday.
WORLD / Politics
Feb 13, 2024
Red Sea crisis puts Yemen peace process on hold
As recently as December, painstaking negotiations were gaining ground.
Indian commandos stand guard with a group of detained pirates after the Indian Navy freed an Iranian fishing vessel hijacked by Somali pirates on Tuesday.
Feb 4, 2024
As navies focus on Red Sea Houthis, Somali pirates may rebound
Attacks off the coast of Somalia peaked around 200 incidents a year from 2009 through 2011 — there have already been three in 2024
The Galaxy Leader cargo ship is escorted by Houthi boats in the Red Sea in this photo released Nov. 20.
Jan 28, 2024
U.S.-China talks fall short in nudging Beijing toward Red Sea breakthrough
Top officials wrapped up two days of meetings on managing the rivals' relationship, but saw little progress on addressing the crisis in the waterway.
People supporting Houthi rebels carry a mock missile as they protest during a rally against the U.S.-led strikes on Houthi targets and continued Israeli strikes in the Gaza Strip, in Sana'a, Yemen, on Friday.
WORLD / Politics
Jan 27, 2024
Yemen's Houthis escalate Red Sea attacks, hitting Trafigura fuel tanker
The firm said a missile struck the fuel tanker Marlin Luanda, which was carrying Russian naphtha, sparking a fire on board.
Iranian sources said Beijing had made it clear it would be very disappointed with Tehran if any vessels linked to China were hit, or the country's interests were affected in any way.
Jan 26, 2024
China presses Iran to rein in Houthi attacks in Red Sea, sources say
But amid regional alliances and priorities, it is uncertain whether Tehran will take action following the discussions with Beijing.
Fighters loyal to the Houthis ride on the back of a pick-up truck during a military parade for new tribal recruits amid escalating tensions with the U.S.-led coalition in the Red Sea, in Bani Hushaish, Yemen on Monday.
BUSINESS / Markets
Jan 24, 2024
Red Sea attacks could disrupt shipping for months, driving up costs
With sailors demanding double pay and insurance rates skyrocketing, shipping lines are steering clear of a waterway that normally carries 12% of seaborne trade.
A crane moves containers in Montreal on Jan. 17.
BUSINESS / Companies
Jan 23, 2024
Chaos in the Red Sea is starting to bite into companies’ profits
With the Red Sea crisis roiling shipments, it’s only a matter of time before soaring costs and supply-chain strains show up in companies’ earnings reports.
Royal Air Force Typhoon aircraft have conducted precision strike operations against Houthi military targets in response to further attacks on shipping in the Red Sea.
WORLD / Politics
Jan 23, 2024
U.S., U.K. airstrikes hit more Houthi targets in fresh escalation
The airstrikes were the most significant in a series of attacks since the first wave of missile and Tomahawk launches by the U.S. and the U.K. in the early hours of Jan. 12.
The rupture of one of the world's busiest shipping routes has exposed the vulnerability of China's export-reliant economy to supply snarls and external demand shocks.
BUSINESS / Companies
Jan 22, 2024
Red Sea crisis pressures China's exporters as shipping delays mount
Further Red Sea disruptions would pile pressure on a struggling economy already contending with a property crisis and weak consumer demand.
"Prepare your coffins," a banner warns Iran's adversaries in Tehran, on Jan. 16. After hitting targets in neighboring Pakistan, Iraq and Syria with missiles, Iran has played up not only its military capabilities but its determination to strike enemies at will.
WORLD / Politics
Jan 21, 2024
Attacks in Syria and Iraq ratchet tensions in a region on edge
Some of the attacks had no apparent connection to Gaza but taken together, they underlined how easy a broader conflict could arise.
A ship transits the Suez Canal toward the Red Sea on Jan. 10. Insurance costs for ships whose seafarers who do brave the waterway have shot up tenfold, including a large increase since the airstrikes.
WORLD / Politics
Jan 19, 2024
Airstrikes on Yemen bring new level of chaos to Red Sea shipping
After U.S. and U.K. airstrikes on Houthi targets in Yemen, Western navies caution ships to steer clear.


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