Shipping giants Maersk and Hapag-Lloyd told reporters on Thursday they are not yet prepared to return to the Red Sea shipping lanes after the peace deal announced between Israel and Hamas.
President of Panama José Raúl Mulino on Thursday ruled out any possible discussions with President-elect Donald Trump about control of the Panama Canal or any reduction in the transit fees imposed to U.S. ships that pass through it, asserting that there is “nothing to talk about” regarding the matter.
Chinese dictator Xi Jinping began a week-long tour of South America on Thursday in Peru, where he joined President Dina Boularte to inaugurate a new deep-water port in Chancay that was financed with a $1.3 billion investment from China.
Freight is piling up at the ports of Long Beach and Los Angeles, as freight rail delays hit a two-year high, owing to record levels of imports on the West Coast, as strikes and the Houthi threat have diverted East Coast shipping.
Maersk said that disruptions to global shipping that attacks from the Iran-backed Houthi terrorists of Yemen have caused are worsening.
Canada’s much-feared railroad stoppage has begun after a last-ditch round of talks between railroad companies and unions failed.
Shipments of Russian liquified natural gas to France more than doubled the first half of this year, according to new analyses of trade data.
The Iran-backed Houthi terrorists of Yemen took responsibility on Tuesday for attacking the container ship Maersk Sentosa in the Arabian Sea.
Vincent Clerc, CEO of Danish shipping giant Maersk, informed his customers that he expects Iran-backed Houthi terrorism to continue disrupting Red Sea shipping into the third quarter of 2024, and perhaps beyond.
Representatives from China and Russia worked out a deal for safe passage with the Iran-backed Houthi terrorists of Yemen.
A string of Houthi missile and drone attacks demonstrates the ineffectiveness of President Biden’s “Operation Prosperity Guardian.”
Insurance costs for Red Sea transit have risen by up to 50 percent since the Houthi terrorists began attacking commercial vessels.
The Iran-backed Houthi terrorists of Yemen launched six more anti-ship missiles into the Red Sea, defying U.S. warnings to halt their attacks.
Houthi terrorist attacks are currently blocking a ship bound for Israel carrying 14,000 sheep and 2,000 cattle from completing its voyage, leaving the crew uncertain where its live cargo sourced from Australia will be taken.
The U.N. Conference on Trade and Development reported that the volume of freight passing through the Suez Canal has dropped by 45 percent.
Chinese state media on Friday mocked the Biden administration for requesting China’s help with the Red Sea shipping crisis.
Danish shipping giant Maersk suspended U.S.-flagged Red Sea shipping after the latest Houthi missile attack.
The South China Morning Post (SCMP) reported on Monday that contrary to blithe assurances from the Chinese government that everything is under control, export companies are frantically seeking “Plan B” options to cope with rising shipping costs due to terrorist attacks in the Red Sea by the Iran-backed Houthis of Yemen.
Chinese exporters are feeling the pinch of rising shipping costs due to Red Sea terrorist attacks by the Iran-backed Houthis of Yemen, to the point that Premier Li Qiang made an oblique reference to the crisis in his speech to the World Economic Forum (WEF).
Iran’s “supreme leader,” Ayatollah Ali Khamenei, celebrated the terrorist Houthis of Yemen for their ongoing attacks on commercial shipping.
Shipping costs rose over 300 percent due to the Iran-backed Houthi terrorists of Yemen attacking cargo ships in the Red Sea.
The Financial Times (FT) reported on Wednesday that container ship traffic through the Red Sea and Suez Canal was down an astonishing 90 percent year-on-year for the first week of January – meaning attacks by the Iran-backed Houthi terrorist of Yemen have almost completely shut down one of the world’s most vital shipping lanes.
Indian Navy Chief of Staff Adm.R Hari Kumar said on Wednesday that India is beefing up its Arabian Sea naval presence to intimidate pirates.
India sent ten warships to deter the Iran-backed Houthis and other pirates but refused to join U.S.-led Operation Prosperity Guardian.
China’s state-run Global Times on Sunday noted the Red Sea shipping crisis has entered its third month — despite the Biden administration ostensibly putting together a multinational security alliance to protect ships from the Iran-backed Houthi terrorists of Yemen — so China is stepping in to offer its railroad network as a “viable alternative.”
Civilian cargo ship struck mine in the Black Sea near Ukraine´s Danube ports Thursday, injuring two sailors, officials and analysts said.
The effort by shipping companies to reroute traffic from the Red Sea around the Cape of Good Hope, thus avoiding drone and missile attacks by the Iran-backed Houthi terrorists of Yemen, is running into major logistical hurdles because African ports are not ready to accommodate the surge of massive container ships and tankers.
The Pentagon said more than 20 countries have signed up to protect Red Sea shipping against the Iran-backed Houthis, but it only named 12.
Until the waterway is proven safe trade will avoid the area or risk it at a premium, forcing up the cost of imports on which the West relies.
Shipping rates from China to Europe are soaring as a growing number of companies suspend and restrict transit through the Red Sea.
The Malaysian government has banned all Israeli-owned and -flagged ships from docking to show support for Hamas in the Gaza war.
The Iran-backed Houthi insurgents of Yemen vowed to continue attacking Red Sea shipping despite a U.S.-led international security coalition.
The Iran-backed Houthi terrorist organization controlling Yemen threatened to turn the Red Sea into a “graveyard” on Monday in response to U.S. Defense Secretary Lloyd Austin announcing a coalition to stop Houthi pirate attacks on shipping vessels in the region.
BP on Monday joined the growing list of companies that have halted or restricted shipping through the Red Sea due to terrorist attacks by the Iran-backed Houthi terrorists of Yemen.
The Maersk shipping company suspended shipping through the Bab el-Mandeb Strait after Houthi terrorists launched a string of attacks.
A large container ship was struck by a projectile fired from Yemen, causing some cargo to fall overboard and setting a fire on the ship.
Russian drones pounded grain storage facilities and ports along the Danube River that Ukraine has increasingly relied on.
Russian tankers that would normally carry oil to European customers are instead being rerouted through the Arctic to China, according to an OilPrice report Friday.
President Joe Biden congratulated Acting Secretary of Labor Julie Su after a deal was reached to end a crippling labor dispute at West Coast ports — but Biden did not mention Secretary of Transportation Pete Buttigieg.
China acquires stake in a container terminal in Hamburg, one of the most important ports in Europe, despite some warning of the dangers.
