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Some ship insurers are starting to avoid covering US and UK merchant ships against war risks when they navigate the southern Red Sea, another sign of

(Bloomberg) -- The US hit four Houthi missiles in Yemen in a preemptive strike on Tuesday local time, American defense officials said.Most Read from BloombergIowa Latest: Haley Unveils New Ad, Looking to New HampshireBonds Slide as Fed’s Waller Downplays Need to Rush: Markets WrapTrump Scores Easy Win in Iowa With DeSantis a Distant SecondUS Merchant Vessel Struck as Shippers Told to Avoid Red SeaWhat Is Disease X? How Scientists Are Preparing for the Next Pandemic“US forces struck and destroyed

A second commercial ship was struck by a missile in the Red Sea in the space of 24 hours, and Shell Plc halted oil tanker transits through the waterway as Houthi militants retaliated against U.S. and UK airstrikes in Yemen.

Shipping stocks in Asia soared on expectations that disruptions to Red Sea routes due to militant attacks will push up freight rates. A gauge of Japan’s shippers rose as much as 5.8 percent, the only industry sector that gained while the broader Topix Index fell 1.6 percent. South Korea’s Korea…

/PRNewswire/ -- The Global Electric Ships Market is projected to grow at a CAGR of 19.67% from 2023 to 2030, according to a new report published by Verified...