Hapag Lloyd profit falls 83 per cent as Red Sea turmoil makes global shipping downturn worse March 14, 2024 Hapag-Lloyd profit fell 83 per cent last year amid a global shipping crisis caused by disruption in the Red Sea.
RAF launches strikes in Yemen in retaliation for Houthi Red Sea shipping attacks January 12, 2024 Yemen: The RAF, in concert with the Americans, have launched strikes on Houthi rebel facilities in an effort to bring to an end Red Sea shipping disruption
Sunak: Britain launched fresh Houthi airstrikes last night – and would ‘not hesitate’ to do it again May 31, 2024 Rishi Sunak's announcement comes after Iran-backed Houthi rebels have launched attacks on ships in the red sea in a bid to disrupt international shipping.
Biden on Red Sea: Strikes haven’t stopped Houthi attacks – so we’ll carry on January 19, 2024 US President Joe Biden pledged to continue attacks on Houthi sites in Yemen in an effort to restrict the militant group's ability to disrupt shipping in the Red Sea.
Goldman warns oil prices could double if Houthi Red Sea shipping attacks continue January 5, 2024 Maersk has suspended all shipping through the Red Sea until further notice
UK to help protect ships in Red Sea after attacks by Yemen rebels causes BP to pause tanker journeys December 19, 2023 Britain is set to join an international coalition to protect ships sailing through the Red Sea after tankers came under attack from militants in Yemen. The announcement comes after oil giant BP paused all of its tanker journeys over safety concerns after Iranian-backed Houthi soldiers stepped up attacks on vessels in the Red Sea in [...]
Oil prices soar two per cent following US-UK military strikes on Houthi rebels in Yemen January 12, 2024 Oil prices surged by over 2% on Friday due to military strikes conducted by the United States and Britain against Houthi military targets in Yemen.
Shipping giant Clarkson’s caveats record profit year with Red Sea warning March 4, 2024 Red Sea troubles have led to increasingly significant re-routing of ships, longer voyages and an upside pressure on freight rates.
Shipping stocks fall as Maersk schedules dozens of vessels to travel through the Suez Canal December 27, 2023 Denmark's Maersk has scheduled several dozen container vessels to travel via the Suez Canal and the Red Sea in the coming days and weeks.
UK economy off to ‘promising start’ in 2024 but firms reveal impact of Red Sea crisis January 24, 2024 The survey measures business activity in the private sector. Anything above 50 indicates business activity is expanding.