Israel halted all aid supplies into Gaza a week ago and, on Sunday, cut off…
Tag: Red Sea
Suez Canal Sees Tentative Traffic Rebound Amid Red Sea Calm
The Suez Canal Authority (SCA) has reported a modest recovery in shipping traffic, with 47…
Shipping Giants Withhold Red Sea Operations Despite Ceasefire
Two of the world’s largest shipping companies, Maersk and Hapag-Lloyd, have announced that they will…
Maersk Raises 2024 Financial Guidance Amid Strong Demand, Red Sea Disruptions
A.P. Moller – Maersk A/S (Maersk) has once again revised its full-year financial guidance for…
Missile and Drone Attacks Damage Two Merchant Ships in the Red Sea
Two merchant ships sustained damage in the Red Sea following missile and drone attacks, as…
Houthi Rebels Claim Responsibility for Attacking Oil Tankers in Red Sea
Two oil tankers, the Saudi-flagged Amjad and Panama-flagged Blue Lagoon I, came under attack on…
Maersk CEO sees prolonged challenges due to Red Sea disruptions
Maersk CEO Vincent Clerc has issued a cautionary statement regarding the ongoing challenges facing carriers…
US military destroys Houthi vessels in Red Sea
U.S. forces destroyed three Iranian-backed Houthi uncrewed surface vessels in the Red Sea in the…
IMO resolution condemns attacks in Red Sea, Gulf of Aden
The International Maritime Organization (IMO) has adopted a resolution calling for immediate end to attacks…
Container lines make $5.4bn profit amid Red Sea disruption
After six consecutive quarters of falling profits, container lines rebounded in the first quarter 2024…
Red Sea crisis lifts Maersk earnings
Maersk has raised its 2024 earnings guidance as the prolonged crisis in the Red Sea…
U.S. asks ships to turn off AIS transponders in Red Sea
The U.S. Maritime Administration (MARAD) has advised U.S.-flagged commercial ships navigating through high-risk areas including…