Page 24 - Ever Given News Today

US is marshaling an international fleet as fears grow of Yemeni fighters’ impact on world economy.

(CNN) — Yemen’s Iran-backed Houthi rebels are stepping up their strikes on ships in the Red Sea, which they say are revenge against Israel for its military campaign in Gaza.

But alternative routes are a boon for shipping firms | Business

STOCKHOLM : Global shipping rates rose sharply and companies scrambled to avoid disruption to shipments after attacks on vessels in the Red Sea on Tuesday stymied traffic through the key Suez Canal trade artery.Recent attacks by Iran-aligned Yemeni Houthi militant group on vessels forced leading shipping

Insurance costs soar for vessels going through the Red Sea as experts call the attacks a ‘significant impediment’ to international commerce

This follows attacks by Houthi rebels in Yemen who are targeting foreign vessels.

Four of the worlds biggest container shipping lines — MSC, A.P. Moller-Maersk, CMA CGM and Hapag Lloyd — have paused or suspended Red Sea operations as Yemens Houthi militants stepped up their assaults on commercial vessels.

As attacks on commercial shipping the Red Sea see the region becoming a “no go” region for vessels opinion writer Michael Grey calls for action.

Mounting attacks by the Iran-aligned Yemeni Houthi militant group on ships in the Red Sea are disrupting maritime trade as leading global freight firms reroute around the Cape of Good Hope to avoid...

Several global shipping lines plan to steer clear of the Suez Canal, while the escalating situation in the Red Sea, coupled with attacks on cargo ships, has heightened concerns in the global shipping industry.