Tag

Commercial Shipping

All articles tagged with #commercial shipping

international-affairs1 year ago•2 min saved

Houthi Missile Strikes Prompt Crew to Abandon Ship in Red Sea

The crew of a commercial ship in the Red Sea abandoned the vessel after a Houthi missile attack, marking the first such evacuation since the group began targeting trade in the area. The Iran-backed group claims to be targeting ships with ties to Israel, the US, and UK in response to conflicts in Gaza and western airstrikes. The attacks have led to disruptions in global trade, with ships now navigating longer routes to avoid the area. The European Union has launched a defensive naval operation to protect commercial vessels, while the US has conducted self-defense strikes against the Houthis.

via NDTV|

#commercial-shipping #houthi #international-affairs

international-news1 year ago•3 min saved

Yemeni Crew Abandons Ship After Houthi Missile Attack

The crew of a commercial vessel in the Gulf of Aden abandoned ship after an attack claimed by Yemen's rebel Houthi movement, with the UK Maritime Trade Operations agency reporting that the Belize-flagged, British-registered cargo ship Rubymar was hit by two missiles and severely damaged. The Iran-backed Houthis have launched dozens of missile and drone attacks on commercial shipping in the Red Sea and Gulf of Aden, prompting many shipping companies to stop using the critical waterway, which accounts for about 12% of global seaborne trade. US and British forces have begun carrying out air strikes on targets across Houthi-controlled western Yemen in response to the attacks.

via BBC.com|

#commercial-shipping #gulf-of-aden #houthi

business1 year ago•2 min saved

Impact of Red Sea Attacks on Global Business and Trade

Recent Houthi militia attacks on commercial ships in the Red Sea have led to higher insurance rates and rerouted goods, causing increased costs and delays for companies. Executives are concerned about potential impacts on profit margins and consumer prices, with maritime freight prices soaring and analysts predicting a minimal impact on global inflation rates for this year.

via The New York Times|

#business #commercial-shipping #freight-costs

international-relations2 years ago•2 min saved

Global Coalition Launches Operation to Protect Red Sea Shipping from Houthi Attacks

US Secretary of Defense Lloyd Austin announced the establishment of Operation Prosperity Guardian, a new US-led multinational security initiative focused on addressing the security challenges in the southern Red Sea and the Gulf of Aden. The operation comes in response to recent attacks by Houthi forces on commercial marine traffic in the region, including the targeting of a commercial vessel with a one-way attack drone and an anti-ship ballistic missile. The multinational operation includes countries such as the United Kingdom, Bahrain, Canada, France, Italy, the Netherlands, Norway, Seychelles, and Spain. The attacks by Houthi forces threaten the free flow of commerce, endanger innocent mariners, and violate international law, according to Austin.

via CNN|

#commercial-shipping #gulf-of-aden #houthi-attacks

international-relations2 years ago•2 min saved

Red Sea Shipping Faces Heightened Security Measures Amidst Houthi Threats

The US is set to announce the launch of an expanded maritime protection force, called Operation Prosperity Guardian, involving Arab states to combat Houthi attacks on commercial shipping in the Red Sea. This comes as five major shipping companies have suspended their ships from using the Red Sea due to the attacks. The force aims to reassure commercial shipping companies and maintain the safety of the Red Sea for shipping. The US has sought the involvement of several Arab states, including Jordan, the UAE, Saudi Arabia, Qatar, Oman, Egypt, and Bahrain.

via The Guardian|

#commercial-shipping #houthi-attacks #international-relations