Shipping companies expressed caution about using the shorter route between Asia and Europe that many ships have avoided for more than a year.
Category: Red Sea
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More Ships May Return to the Red Sea if Houthis Hold Their Fire
Shipping companies expressed caution about using the shorter route between Asia and Europe that many ships have avoided for more than a year.
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Houthi Attacks Continue to Disrupt Shipping Industry As Israel-Hamas War Rages On
The transport route around the southern tip of Africa was once little used — but freighters are now forced to take it and are charging higher rates.
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Maersk Says Expanded Houthi Attacks Are Forcing More Delays
The shipping company said the militia had recently tried to attack ships further from the shores of Yemen, putting more strain on logistics.
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New Freighters Could Ease Red Sea Cargo Disruptions
Analysts and shipping executives say the expect costs to fall later this year as companies receive vessels they ordered two to three years ago.
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Britain Confronts Fears of a (Gasp!) Tea Shortage
Shipping issues in the Red Sea have led to delays in tea deliveries, but British retailers assured consumers that any shortages would be a “blip.”
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What Business Leaders Are Saying About the Red Sea Attacks
The Houthi attacks on commercial ships are driving up freight costs and adding delays to journeys, with some companies affected more than others.
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Shipping Costs Soar in Wake of Red Sea Attacks
Ships risking Houthi attacks must pay high insurance premiums, while vessels avoiding the region lose time going around Africa.
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Red Sea Attacks Leave Shipping Companies With Difficult Choices
Attacks on two dozen ships since November are forcing shipping lines to figure out whether and when to skip the Suez Canal and send vessels on longer voyages around Africa.
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Red Sea Attacks Menace Energy Tankers but Don’t Stop Them
Some oil tanker traffic continues to go through the Suez Canal, while plentiful global reserves keep crude prices steady.
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Shipping Giant Maersk Is Returning to the Red Sea After Houthi Attacks
A shipping advisory that Maersk released on Wednesday showed that several of its vessels were headed for the Suez Canal, which lies at the northern end of the Red Sea and handles about 12 percent of world trade.