Houthi Rebels Target Liberian Ship in Red Sea: Raising Tensions Yemeni rebels, known as Houthis, launched a new attack in the Red Sea on Monday. This time, an explosion occurred near a Liberian-flagged container ship, the Pinocchio, managed by a Singaporean company. Thankfully, there were no reports of injuries or [...]
Houthi Drone Swarm Attacked Red Sea Shipping: HMS Richmond Shot Down Two Here’s a more detailed breakdown of the event: Houthi Drone Attack: Early Saturday morning, Houthi rebels launched a major drone attack in the Red Sea and Gulf of Aden. They claimed to have sent 37 drones targeting US [...]
Yemen’s Houthis Claim Attacks on US Warships Citing Support for Palestinians and Opposing Coalition Strikes Houthi rebels in Yemen claimed responsibility for launching missile and drone attacks against two US Navy warships in the Red Sea on Tuesday night. This action comes amidst a period of heightened tensions in the [...]
Impact of Red Sea Disruptions on Global Trade: Insights and Implications India Ratings and Research (Ind-Ra), a subsidiary of the Fitch Group, predicts that ongoing disruptions along the Red Sea route could significantly raise freight and forwarding costs for businesses involved in international trade. They estimate this increase to be [...]
Red Sea crisis disrupted Shipping Industries The Red Sea shipping crisis, caused by attacks from Houthi rebels on cargo ships and tankers, is making many vessels avoid the Suez Canal, which is one of the world’s busiest water routes. Instead, they’re being forced to take a longer route around southern [...]
A Looming Crisis: Delays and Challenges in Decommissioning Yemen’s Ailing Oil Tanker In August of last year, the United Nations (UN) proudly announced the completion of the oil transfer from the deteriorating FSO Safer, an oil tanker turned storage unit, located just four miles off the coast of Yemen. However, [...]
Global Oil Markets Face Supply Challenges Amidst Red Sea Disruptions In recent times, the global benchmark Brent crude futures market, as well as physical markets in Europe and Africa, have experienced a tightening of supply. This phenomenon is attributed in part to concerns about shipping delays, as vessels actively avoid [...]
Escalating Tensions in the Red Sea: Houthi Attacks – US Military Operations – and the Struggle for De-escalation In recent developments off the coast of Yemen, the Houthi movement, backed by Iran, has once again targeted a ship in the Red Sea. The Greek-owned bulk carrier Zografia, en route from [...]
Chinese Crews Adopt Unique Tactics Amidst Rising Tensions in the Red Sea In recent times, a peculiar maritime trend has emerged in the Red Sea, with several cargo ships and tankers altering their automatic identification system (AIS) to broadcast that their crews are entirely Chinese. This move is presumed to [...]
US and UK carried out airstrike against Houthi In response to Houthi attacks on ships in the Red Sea, the United States and Britain carried out airstrikes from air and sea against Houthi military targets in Yemen. This marked a significant expansion of the conflict, intertwining with the ongoing Israel-Hamas [...]
