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The resulting delays and extra costs for shipping companies have fueled concerns that consumers, still struggling after a prolonged spell of rampant inflation, could be hit with fresh price rises.
For Chinese businessman Han Changming, disruptions to Red Sea freight are threatening the survival of his trading company in the eastern province of Fujian. Han, who exports Chinese-made cars to ...
The Red Sea issue that we're facing right now is a little more localized,” barring a wider conflict in the Middle East, he said. Oil prices have yet to face serious consequences—but that could ...
Red Sea crisis Part of the Iran–Israel proxy conflict, the Middle Eastern crisis (2023–present), and the Yemeni crisis Map of Houthi activity near the Yemeni coast: Houthi-controlled Yemen (SPC) Government of Yemen (PLC) Houthi attacks (red) and hijackings (blue) Date 19 October 2023 – present (1 year, 2 months, 2 weeks and 3 days) Location Red Sea, Gulf of Aden (esp. Bab-el-Mandeb ...
The U.S., along with Maersk security personnel aboard the ship, repelled the attack. The U.S. sank three Houthi vessels, killing ten Houthis. Maersk announced a 48-hour pause on shipping through the Red Sea following the incident. [1] On January 2 Maersk announced a halt on shipping through the Red Sea due to Houthi attacks. [2]
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The Malta-flagged bulk carrier Morea, managed by Eastern Mediterranean Shipping, was targeted in the Red Sea. She was en route to India from Russia. Sealady: The Malta-flagged bulk carriers Sealady, also managed by Eastern Mediterranean Shipping, was targeted in the Red Sea. Her AIS said she held Russian cargo.
Maersk has imposed a 48-hour delay on its vessels moving through the Red Sea, following an attack on one of its merchant ships by Iranian-backed Houthi fighters based in Yemen.