Shipping

War insurance costs spike for ship owners as Black Sea threats grow

War insurance costs for ships sailing to the Black Sea have spiked again, with insurers reviewing policies daily as the conflict in Ukraine spills into sea lanes, five shipping and…

Read More Here

Maersk lifts profit forecast as global container volumes grow

Shipping group A.P. Moller-Maersk on Thursday raised the lower end of its full-year core profit forecast, helped by increasing container volumes driven largely by shipments from China, despite lower freight…

Read More Here

Cyprus and Malta almost entirely depend on sea transport for trade

The European Union relied heavily on maritime transport for international trade in goods in 2024, Eurostat data showed. Imports by sea reached 1.1 billion tonnes, valued at €1.25 trillion, while…

Read More Here

Turkish ports asking ships to declare they are not linked to Israel

Turkish port authorities have begun informally requiring shipping agents for letters declaring that vessels are not linked to Israel and are not carrying military or hazardous cargo bound for the…

Read More Here

Hapag-Lloyd Trims 2025 Outlook as Mid-Year Profits Decline

Container shipping company Hapag-Lloyd has reported a 3.1% decline in first-half net income and lowered the top end of its full-year earnings forecast, largely due to uncertainty over geopolitical issues and US trade policy. The world's fifth-largest shipping firm projected full-year earnings before interest and taxes ranging between…

Read More Here

Greek seafarer shortage impacting industry

Ship management firm Columbia is calling for urgent reforms in Greece’s maritime education to address a shortage of qualified seafarers. The company, headquartered in Limassol but with 33 management offices…

Read More Here

Limpet Mine May Have Struck Greek Tanker Near Libya

A limpet mine may have caused a blast that damaged a Greek tanker sailing off Libya's coast last week, the fifth such incident to hit commercial shipping in the region…

Read More Here

Trump wants free pass for US ships in Panama, Suez canals

United States President Donald Trump said U.S. military and commercial ships should be allowed to travel free of charge through the Panama and Suez canals, two strategic routes for global…

Read More Here

Global container shipping volume to fall 1% on Trump trade policies

Maritime consultancy Drewry said it expects global container port volume to fall 1% as a direct result of U.S. trade policies. That would be the third drop in global container…

Read More Here

Yemen’s Houthis to resume attacks on Israeli ships

Yemen’s Houthis his week announced that they would resume attacks on Israeli ships passing through the Red and Arabian seas, the Bab al-Mandab Strait and the Gulf of Aden, ending…

Read More Here

‘Multiple explosions’ as tanker and ship crash in North Sea

All 37 crew have been accounted for after a tanker laden with jet fuel and a cargo ship burst into flames when they collided in the North Sea, an MP…

Read More Here

EU adopts new Russia sanctions targeting China, shadow fleet

The European Union has adopted a 15th package of sanctions against Russia over its invasion of Ukraine, including tougher measures against Chinese entities and more vessels from Moscow's so-called shadow…

Read More Here

EU Parliament Targets Russia’s Shadow Fleet for Sanctioning

The European Parliament is preparing to pass a resolution calling for more “targeted” measures against Russia’s shadow fleet as evidence mounts that Moscow is dodging sanctions and risking an environmental…

Read More Here

Rising Risks for Shipping in the Red Sea Amid Houthi Attacks

On a warm spring night in Athens, shortly before midnight, a senior executive at a Greek shipping company noticed an unusual email had landed in his personal inbox. The message,…

Read More Here

US port strike ends, but clearing long ship queues will take time

U.S. East Coast and Gulf Coast ports began reopening after dockworkers and port operators reached a wage deal to settle the industry's biggest work stoppage in nearly half a century,…

Read More Here

Shippers scramble for workarounds ahead of threatened US port strike

U.S. companies that rely on East and Gulf Coast seaports have been importing early, shifting goods to the West Coast, and even putting cargo on pricey flights to hedge against…

Read More Here

German navy makes rare transit of sensitive Taiwan Strait

Two German navy ships sailed through the sensitive Taiwan Strait on Friday in the first such transit in two decades, demonstrating Berlin's resolve to stand with Western allies at a…

Read More Here

UK imposes sanctions on 10 ships in crackdown on Russia’s shadow oil fleet

The UK has taken new steps to clamp down on Russia’s shadow fleet exporting oil and funding Moscow’s war machine, with the Foreign Office announcing sanctions on 10 ships that…

Read More Here

US military says Yemen’s Houthis attacked two crude oil tankers in Red Sea

Yemen's Iran-backed Houthi rebels attacked two crude oil tankers - the Saudi-flagged Amjad and the Panama-flagged Blue Lagoon I - in the Red Sea on Monday, the U.S. military said,…

Read More Here

Maersk expects container demand growth to slow, raises investment forecast

Maersk expects global demand for container shipping to grow more slowly in the next few quarters as market risks persist while the group's capital expenditure is set to grow faster,…

Read More Here

EU targets Russia’s ‘shadow fleet’ in new round of sanctions against Moscow

The EU has agreed a new package of sanctions against Russia over its war in Ukraine. Among the measures is the targeting of Moscow’s shadow fleet of tankers moving liquefied…

Read More Here

AI can help shipping industry cut down emissions, report says

The global commercial shipping industry could cut down its carbon emissions by 47 million tonnes per year by deploying artificial intelligence for sea navigation, a study by autonomous shipping startup…

Read More Here

Houthis believed to have sunk second ship, the Tutor, in the Red Sea, UKMTO says

Yemen's Houthi militants are believed to have sunk a second ship, the Tutor, in the Red Sea, the United Kingdom Maritime Trade Operations (UKMTO) said. The Greek-owned Tutor coal carrier…

Read More Here

Houthi missile strikes set ship ablaze, injure one crew, US military says

Missiles fired by Yemen's Houthi militants struck the Palau-flagged Verbena cargo ship in the Gulf of Aden on Thursday, sparking a fire and severely injuring one of her crew, U.S.…

Read More Here

UK imposes first sanctions targeting ships breaching Russian oil restrictions

Britain on Thursday imposed its first sanctions targeting vessels in Russian President Vladimir Putin’s "shadow fleet" that it said was used to circumvent Western sanctions on the trade in Russian…

Read More Here

Houthi missile strikes on two ships in Gulf of Aden

Yemen's Houthi damaged two commercial vessels in missile attacks in the Gulf of Aden in the last 24 hours as part of the militia group's ongoing campaign against international ocean…

Read More Here

Greece says sanctioned tankers pose rising environmental risk in Mediterranean

Unregulated tankers sidestepping Western sanctions are posing a bigger risk to the Mediterranean region and Greece is undertaking more protective measures to safeguard its coast, the country's shipping minister told…

Read More Here

Yemen’s Houthis say they attacked three ships in Red Sea, Arabian Sea

Yemen's Iran-allied Houthis said they had launched attacks on three ships in the Red Sea and the Arabian Sea - though shipping giant Maersk dismissed the militants' report that the…

Read More Here

Vessel tilts off of Yemen’s coast after missile attack

A merchant vessel off the Yemeni coast took on water and tilted to one side after being targeted with three missiles, British security firm Ambrey said on Tuesday. The vessel…

Read More Here

Houthis say they targeted the Mediterranean this week, no confirmation available

The leader of Yemen's Houthis, Abdul Malik al-Houthi, said that one of their operations this week targeted the Mediterranean Sea. Earlier this month, al-Houthi had said that all ships heading…

Read More Here

Maersk says Red Sea disruption could cut Asia-Europe capacity by 20%

Disruption to Red Sea container shipping is rising, Maersk said, forecasting this will cut the industry's capacity between Asia and Europe by up to 20% in the second quarter. Maersk…

Read More Here

Belgian ship joins EU Aspides mission in Red Sea

The Belgian frigate Louise-Marie has joined the European operation Aspides in the Red Sea. The Louise-Marie will participate in the Aspides mission for “just over five weeks” before moving onto…

Read More Here

Houthis attack four ships in Indian Ocean, Red Sea

Yemen's Houthis said they targeted the MSC Orion container ship in a drone attack in the Indian Ocean as part of their ongoing campaign against international shipping in solidarity with…

Read More Here

Somali pirates’ return adds to crisis for global shipping companies

Pirates had been dormant for nearly a decade 2008-2014 attacks cost the global economy billions of dollars Recent pirate raids are increasing costs for shippers Pirates take advantage of security…

Read More Here

U.S. says it conducted self-defense strikes against Houthi facilities

CAIRO, March 23 (Reuters) - U.S. forces conducted self-defense strikes against three Houthi underground weapons storage facilities in Houthi-controlled areas of Yemen, U.S. Central Command (CENTCOM) said. The strikes targeted…

Read More Here

EU naval mission in Red Sea destroys missiles, Houthi seaborne drone

ATHENS (Reuters) - The EU's naval mission in the southern Red Sea said it had destroyed three ballistic missiles and a Houthi seaborne drone to protect merchant ships. The EU's…

Read More Here

Explosion reported near ship off Yemen coast, UKMTO says

CAIRO, March 17 (Reuters) - The captain of a merchant ship east of Yemen's Aden has reported an explosion near the ship, the United Kingdom Maritime Trade Operations (UKMTO) agency…

Read More Here

Merchant vessel struck by missile west of Yemen’s Hodeidah

CAIRO, March 15 (Reuters) - A merchant vessel reported it had been hit by a missile and sustained damage 76 nautical miles west of Yemen's Hodeidah, the United Kingdom Maritime…

Read More Here

US asks Panama to strip flags from Iranian ships sanctioned by Washington

PANAMA CITY, (Reuters) - The United States has asked Panama to ban Iranian vessels sanctioned by Washington from using its flag, U.S. State Department special envoy Abram Paley said. Paley…

Read More Here

UPDATED: French military says it destroyed four combat drones in Gulf of Aden

PARIS, March 9 (Reuters) - A French warship and fighter jets destroyed four combat drones that were heading towards a European naval mission in the Gulf of Aden on Saturday,…

Read More Here

Finland to participate in ASPIDES and Prosperity Guardian operations in Red Sea

Finnish President Alexander Stubb and the government's Ministerial Committee on Foreign and Security Policy have decided that Finland will participate in joint military operations to restore security in the Red…

Read More Here

UPDATED: Three killed in first fatal Houthi attack on Red Sea shipping

By Jonathan Saul LONDON, (Reuters) - A Houthi missile attack killed three seafarers on a Red Sea merchant ship on Wednesday, U.S. Central Command (CENTCOM) said, the first fatalities reported…

Read More Here

Risk reigns in ocean shipping, industry and economic experts say

Risk is the "new normal" for the global ocean shipping industry that handles 80% of global trade as pressure from geopolitical tensions, rising protectionism and climate change mounts. "There are…

Read More Here

Italian naval ship shoots down drone in Red Sea

An Italian navy ship shot down a drone flying towards it in the Red Sea on Saturday, the defence ministry said. A ministry statement described the action as self-defence by…

Read More Here

Houthis say they will introduce military ‘surprises’ in Red Sea

DUBAI, (Reuters) - Yemen's Houthis will introduce military "surprises" in their Red Sea operations, the Iran-aligned group's leader Abdul Malik al-Houthi said in a televised speech. "Our military operations will…

Read More Here

Reckitt says Red Sea attacks having ‘small impact’ on freight rates

By Richa Naidu LONDON, Feb 28 (Reuters) - Reckitt said on Wednesday that attacks on container vessels in the Red Sea had led to "a small impact" on ocean freight…

Read More Here

Houthis say they can reassess Red Sea attacks if Israeli ‘aggression’ stops; five drones shot down in Red Sea

The U.S. Central Command (CENTCOM) said U.S. aircraft and a coalition warship on Feb. 27 shot down five one-way attack drones in the Red Sea that originated from Houthi-controlled areas…

Read More Here

Greece approves military participation in EU Red Sea mission

ATHENS, Feb 26 (Reuters) - The Greek government on Monday approved the country's participation in a European Union naval mission in the Red Sea to protect merchant ships from attacks…

Read More Here

Most UK exporters hit by Red Sea disruption, survey shows

By David Milliken LONDON, (Reuters) - Most British exporters and manufacturers have felt an impact from disruption in the Red Sea caused by attacks on shipping by Yemen's Iran-aligned Houthi…

Read More Here

US says Yemen’s Houthis ballistic missile misses US tanker Torm Thor

CAIRO, Feb 26 (Reuters) - The U.S. Central Command (CENTCOM) said early on Monday that Yemen's Houthis launched one anti-ship ballistic missile likely targeting the MV Torm Thor, but missed…

Read More Here

US military says it destroyed seven Houthi missiles targeted at Red Sea

(Reuters) - The U.S. military said that it had destroyed seven mobile anti-ship cruise missiles that the Houthi group in Yemen was preparing to launch at targets in the Red…

Read More Here

Houthis to step up Red Sea strikes, use ‘submarine weapons’

By Jonathan Saul and Nayera Abdallah Houthis formalise ban on ships linked to Israel, US, Britain Houthi attacks show no sign of abating despite US, UK strikes Affected waters account…

Read More Here

Red Sea ship attacks not driving inflation, Moody’s says

By Lisa Baertlein (Reuters) - Attacks on merchant vessels in the Red Sea have delayed cargo and sent shipping costs higher, but soft demand and ample ship availability are muting…

Read More Here

Vessel attacked by missiles southeast of Yemen’s Aden, UKMTO, Ambrey say

DUBAI, Feb 22 (Reuters) - Two missiles were fired at a vessel off the southeast coast of the Yemeni city of Aden on Thursday, causing a fire onboard, Britain's maritime…

Read More Here

UPDATED: US-owned ship reports missile attack off Yemen, sources say

Feb 19 (Reuters) - A Greece-flagged, U.S.-owned cargo ship reported two missile attacks on Monday in the Gulf of Aden and called for military assistance, Greek shipping ministry sources and…

Read More Here

UPDATED: Yemen’s Houthis target cargo ship in Red Sea

DUBAI, Feb 12 (Reuters) - Yemen's Iran-aligned Houthis said on Monday they had targeted a cargo ship in the Red Sea, the latest such strike since the start of the…

Read More Here

Houthis say they fired at two ships in Red Sea, damaging both

Houthis say they struck two more vessels in Red Sea Nobody reported injured in either incident Greece confirms damage to Greek-owned Star Nasia UK-owned Morning Tide hit by UAV, now…

Read More Here