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 [...]
The Red Sea Dilemma: China’s Unusual Stance on Maritime Security Since December 2023, the Red Sea has become a dangerous zone for global shipping due to Houthi attacks on ships associated with Israel. This situation has forced major global shipping companies to avoid the Red Sea, opting for a longer [...]
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 [...]
Chinese Container Ships Navigate Red Sea Amid Houthi Threats In recent months, a fleet of containerships operated or managed by Chinese companies has continued to traverse the Red Sea route connecting Asia and Europe, despite the escalating threats posed by Houthi militants on merchant vessels since December. This article explores [...]
Cosco Halts Shipments to Israel Amid Yemeni Operations: Impact on Trade and Market Dynamics Chinese state-owned shipping giant Cosco (China Ocean Shipping Company) has made a significant announcement, suspending all shipments bound for Israel. This decision aligns with a growing trend among shipping companies in response to Yemeni operations in [...]
Escalating Tensions in the Red Sea: A Brewing Crisis Amidst Gaza Fallout In recent weeks, the conflict sparked by Hamas’s October 7th attack in Gaza has not only intensified the ongoing turmoil in the region but has also raised concerns about a broader Middle East conflict involving the US and [...]
Hapag-Lloyd Stays Clear of Suez Canal Amidst Rising Tensions In recent developments, Hapag-Lloyd, one of the world’s leading shipping companies, has announced its decision to refrain from resuming operations through the Suez Canal. This decision comes in the wake of an international military effort to secure the region, as Houthi [...]
