Shipping

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

US, Britain wage strikes against Iran-linked Houthis in Yemen

By Phil Stewart and Idrees Ali WASHINGTON, (Reuters) - The United States and Britain launched strikes against 36 Houthi targets in Yemen on Saturday, in the second day of major…

Read More Here

More grain ships divert from Red Sea as attacks continue

HAMBURG, Feb 2 (Reuters) - More ships carrying grain were diverted from the Suez Canal to routes around the Cape of Good Hope this week as attacks on shipping in…

Read More Here

US strikes multiple drones in Yemen

By Idrees Ali and Kanishka Singh WASHINGTON, (Reuters) - The United States struck up to 10 unmanned drones in Yemen that were preparing to launch, a U.S. official said late…

Read More Here

India deploys unprecedented naval might near Red Sea to rein in piracy

India has deployed at least a dozen warships east of the Red Sea to provide security against pirates and has investigated more than 250 vessels as Western powers focus on…

Read More Here

Red Sea crisis unlikely to end soon, Hapag-Lloyd CEO says

HAMBURG, Jan 31 (Reuters) - Attacks on cargo vessels in the Red Sea by Yemen-based Houthi rebels are unlikely to end soon, forcing shipping companies to avoid the route through…

Read More Here

Yemen’s Houthis threaten more attacks on US, British warships

DUBAI, Jan 31 (Reuters) - Yemen's Iran-aligned Houthi group said on Wednesday it would keep up attacks on U.S. and British warships in the Red Sea in what it called…

Read More Here

Italy, France, Greece vying to lead EU Red Sea ‘Aspides’ mission

Italy, France, and Greece are vying to lead the new EU Aspides mission to protect Red Sea shipping from Houthi attacks, a senior European official said Tuesday.The final choice will…

Read More Here

Air freight rates rise amid Red Sea crisis and in run-up to Asia’s Lunar New Year

By Lisa Barrington SEOUL, (Reuters) - Global air freight rates have climbed for the first time in seven weeks ahead of Asia's lunar new year and as attacks on Red…

Read More Here

Ship carrying 16,000 sheep and cattle stranded off Australia

By Peter Hobson CANBERRA, Jan 31 (Reuters) - A ship carrying around 14,000 sheep and 2,000 cattle is marooned off the coast of Australia in sweltering heat after it was…

Read More Here

Danish frigate departs for the Red Sea to assist US-led operation

By Jacob Gronholt-Pedersen KORSOR NAVAL BASE, Denmark, Jan 29 (Reuters) - Denmark on Monday sent a frigate to the Red Sea, where it will participate in a U.S.-led coalition to…

Read More Here

Houthi’s TV says U.S. and British airstrikes target Yemen port

CAIRO, Jan 27 (Reuters) - The Houthi's Al-Masira television said on Saturday that the U.S. and the UK launched two airstrikes that targeted the port of Ras Issa, Yemen's main…

Read More Here

UPDATED: Crew battle blaze on tanker hit by missile in Gulf of Aden

Jan 27 (Reuters) - The tanker Marlin Luanda was on fire but no deaths or injuries were reported after the vessel was struck by a Houthi anti-ship missile in the…

Read More Here

Freight through Suez Canal down 45% since Houthi attacks – UNCTAD

By Philip Blenkinsop BRUSSELS, Jan 26 (Reuters) - Freight going through the Suez Canal has dropped by 45% in the two months since attacks by Yemen's Houthis led shipping groups…

Read More Here

China presses Iran to rein in Houthi attacks in Red Sea, sources say

By Parisa Hafezi and Andrew Hayley Iran-backed Houthis attacking commercial ships in Red Sea Trading powerhouse China has called for attacks to stop Oil trade gives China leverage over Iran,…

Read More Here

US Navy intercepts missiles in Red Sea while escorting Maersk ships

COPENHAGEN, Jan 24 (Reuters) - Maersk said explosions nearby forced two ships operated by its U.S. subsidiary and carrying U.S. military supplies to turn around when they were transiting the…

Read More Here

Rome, Paris, Berlin say action needed in Red Sea

Italy, France and Germany are calling for an EU naval mission to protect Red Sea shipping from attacks by Iranian-backed Houthi rebels in Yemen with a joint document they are…

Read More Here

What does Red Sea disruption mean for Europe’s economy?

By Mark John (Reuters) - Weeks of attacks by Iranian-backed Houthi militants on vessels in the Red Sea have disrupted shipping in the Suez Canal, the fastest sea route between…

Read More Here

Royal Caribbean, MSC cancel cruises due to Red Sea attacks

By Doyinsola Oladipo and Catarina Demony NEW YORK/MADRID, Jan 19 (Reuters) - Some cruise operators have cancelled or adjusted their itineraries to avoid the Red Sea due to attacks on…

Read More Here

Red Sea ship diversions boost bunker demand, prices in Africa, Mediterranean

By Jeslyn Lerh, Wendell Roelf and Robert Harvey SINGAPORE/CAPE TOWN/LONDON, (Reuters) - The re-routing of a growing number of ships around Africa to avoid potential attacks in the Red Sea…

Read More Here

Maersk says winter weather, Red Sea disruption cause congestion

Adds quote, background, detail in paragraphs 6-10 OSLO, Jan 18 (Reuters) - Weather-related disruption at ports in northern Europe and the diversion of vessels away from the Red Sea are…

Read More Here

Indian Navy rescues crew after attack on ship off coast of Yemen

Indian Navy says crew of vessel attacked in Gulf of Aden is safe Crisis cutting farm exports from Ukraine Poundland owner warns of potential impact on supplies By Krishn Kaushik,…

Read More Here

Italian ports fear blow to business from Red Sea crisis

By Angelo Amante and Elisa Anzolin ROME/MILAN, (Reuters) - Houthi attacks on Red Sea shipping are causing major disruption to Italian ports, operators say, fuelling fears that a prolonged crisis…

Read More Here

Maersk CEO sees Red Sea shipping disruption lasting ‘at least a few months’

By Jacob Gronholt-Pedersen and Megan Davies DAVOS, Switzerland, Jan 17 (Reuters) - Maersk CEO Vincent Clerc said on Wednesday the disruption to global shipping caused by the attacks on vessels…

Read More Here

Italy pushes for quick decision on EU maritime Red Sea force

ROME, Jan 17 (Reuters) - Italy would like a political decision made to create an EU maritime security mission for the Red Sea by next week so that it can…

Read More Here

Qatar pauses Red Sea tankers after Western strikes on Houthis

One of world's largest LNG exporters stops Red Sea route U.S., Britain target Houthis in Red Sea spillover from Gaza war 'Let's wait and see,' says UK of more potential…

Read More Here

US says it shot down anti-ship cruise missile from Houthi-controlled areas

WASHINGTON, Jan 14 (Reuters) - U.S. fighter aircraft on Sunday shot down an anti-ship cruise missile fired from Houthi militant areas of Yemen toward a U.S. destroyer operating in the…

Read More Here

Red Sea crisis: expert unpacks Houthi attacks and other security threats

Recent attacks on commercial vessels by Houthi militia in the Red Sea have put the vital shipping region in the spotlight. The rebels, based in Yemen, claim to be targeting…

Read More Here

UPDATED: US launches fresh air strike on Houthi target in Yemen

WASHINGTON/ADEN, Jan 13 (Reuters) - The United States carried out an additional strike against Yemen's Houthi forces on Friday, after President Joe Biden's administration vowed to protect shipping in the…

Read More Here

Houthis mistakenly target tanker carrying Russian oil – Ambrey report

Houthi militants mistakenly targeted a tanker carrying Russian oil in a missile attack on Friday off Yemen, British maritime security firm Ambrey said. The United Kingdom Maritime Trade Operations (UKMTO)…

Read More Here

UPDATED: Combined Maritime Forces warn ships to avoid Bab al-Mandab Strait – Intertanko

LONDON, Jan 12 (Reuters) - The Combined Maritime Forces (CMF) has warned all ships to "stay well away from Bab al-Mandab", tanker body Intertanko said in a note circulated to…

Read More Here

US, Britain carry out strikes against Houthis in Yemen, officials say

US, Britain says attacks hit Houthi ability to attack ships Australia, Bahrain, Canada and Netherlands provide support US says no intent to escalate tensions Houthis have attacked 27 ships in…

Read More Here

Red Sea attacks: retailers rush to avoid delays to spring collections

By Siddharth Cavale and Helen Reid NEW YORK/LONDON, Jan 10 (Reuters) - Retailers worldwide are stocking up on goods before China's Lunar New Year holiday and seeking air or rail…

Read More Here

Global trade drops 1.3% on Red Sea attacks – IfW Kiel institute

BERLIN, Jan 11 (Reuters) - Global trade declined by 1.3% from November to December 2023 as militant attacks on merchant vessels in the Red Sea led to a plunge in…

Read More Here

Cyprus chamber sees significant impact from Houthis on shipping

NICOSIA, Jan 11 (Reuters) - Sustained attacks by Yemen's Houthis on vessels using Red Sea shipping lanes could have a "substantial" impact on economies and a knock-on effect on prices,…

Read More Here

Maersk reroutes Red Sea container ships back to Suez Canal

Denmark's Maersk said on Thursday it has rerouted four out of five container vessels that were stuck in the Red Sea back towards the Suez Canal and the long journey around Africa…

Read More Here

Ocean cargo rates climb after new Red Sea ship attacks

By Lisa Baertlein LOS ANGELES, (Reuters) - Ocean freight rates are surging after a missile attack and attempted hijacking of a Maersk ship this weekend prompted carriers to suspend plans…

Read More Here

Malta-flagged container ship reported seeing 3 explosions towards its port quarter off Yemen -Ambrey

CAIRO, (Reuters) - British maritime security firm Ambrey said that a Malta-flagged container ship reported seeing three explosions towards its port quarter, 15 miles (24 km) southwest of Yemen's Mocha.…

Read More Here

Red Sea shipping workarounds add costs, delays for suppliers, retailers

By Lisa Baertlein LOS ANGELES, (Reuters) - Toymaker Basic Fun's team that oversees ocean shipments of Tonka trucks and Care Bears for Walmart and other retailers is racing to reroute…

Read More Here

Global 2024 staple food supplies to be strained by dry weather, export curbs

High food prices in recent years have prompted farmers worldwide to plant more cereals and oilseeds, but consumers are set to face tighter supplies well into 2024, amid adverse El Nino weather,…

Read More Here

How companies are responding to attacks on ships in the Red Sea

Dec 21 (Reuters) - Attacks on vessels by Iranian-backed Houthi militants in Yemen have disrupted international commerce on the shortest shipping route between Europe and Asia. The attacks, targeting a…

Read More Here

Greece advises vessels to avoid Yemeni waters after Red Sea attacks

ATHENS, Dec 20 (Reuters) - Greece has advised commercial vessels sailing in the Red Sea and the Gulf of Aden to avoid Yemeni waters, keep only the necessary crew on…

Read More Here

Shipping firms avoid Red Sea as Houthi attacks increase

(Reuters) - Iranian-backed Houthi militants in Yemen have stepped up attacks on vessels in the Red Sea to show their support for Palestinian Islamist group Hamas fighting Israel in Gaza.…

Read More Here

UK shoots down suspected drone targeting commercial shipping in Red Sea

LONDON, Dec 16 (Reuters) - British defence minister Grant Shapps said on Saturday that a navy ship HMS Diamond shot down a suspected attack drone targeting merchant shipping in the…

Read More Here

Shipping industry urges caution on use of armed guards on Red Sea vessels

By Jonathan Saul Shipping companies should use caution when deploying private armed guards onboard vessels sailing through the Red Sea and Gulf of Aden because of the risk of escalation…

Read More Here

UN ship agency adopts tougher resolution to tackle illicit ‘shadow’ fleet

By Jonathan Saul LONDON, (Reuters) - The United Nations' shipping agency adopted a resolution targeting illicit shipping practices from the so-called unregulated "shadow fleet" in an effort to clamp down…

Read More Here

Maersk to cut 10,000 jobs, sees weaker profit as shipping demand wanes

Shipping group A.P. Moller-Maersk on Friday reported a steep drop in profit and revenue in the third-quarter, and said it would cut 10,000 jobs as it battles with lower freight…

Read More Here

World’s ghost fleet in focus over US Russian price cap crackdown

By Robert Harvey and Natalie Grover LONDON, (Reuters) - U.S. penalties on shippers transporting Russian oil in breach of the G7's price cap could push more Russian cargoes onto vessels…

Read More Here

Turkish ship not damaged in Black Sea explosion – maritime authority

ISTANBUL, Oct 6 (Reuters) - A Turkish-flagged general cargo ship that was sailing on Thursday in the Black Sea en route to Ukraine's Izmail port did not sustain damage from…

Read More Here

Maritime industry explores nuclear power for ships as technology opens up

By Jonathan Saul Pressure growing on shipping sector to decarbonise faster Nuclear fuel options being seen as cleanest solution Any nuclear solutions seen at least 10 years away LONDON (Reuters)…

Read More Here

Shipping could face shortage of carbon-neutral fuel by 2030, DNV says

OSLO, (Reuters) - An expected shortfall in the availability of carbon-neutral fuel means the shipping industry should widen its scope to include onboard carbon capture and nuclear options, Norwegian ship…

Read More Here

Top global ports may be unusable by 2050 without more climate action – report

By Jonathan Saul LONDON, Sept 8 (Reuters) - Some of the world's largest ports may be unusable by 2050 as rising sea levels hit operations, and efforts to speed up…

Read More Here

Burning car carrier off Dutch coast being towed away from shipping lanes

AMSTERDAM, July 31 (Reuters) - A burning car carrier off the Dutch coast is being towed to a new location away from shipping routes as part of a difficult operation…

Read More Here