Egypt denies links to vessel targeted by Houthis
Egypt's Transport Ministry on Thursday denied reports linking the country to a vessel targeted by Yemen's Houthi…
Browsing Tag
Houthi attacks
Fitch warns Israel-Iran conflict may weigh on ME sovereign credit profiles
The ongoing Iran-Israel military conflict has heightened regional security risks, with Fitch Ratings warning that a…
US sanctions Yemen’s International Bank of Yemen for backing Iran-aligned Houthis
The US Treasury Department on Thursday sanctioned the International Bank of Yemen (IBY) and three of its top…
Oil flow through Red Sea falls by 50% in ’24 – EIA
Oil flows through the Bab el-Mandeb Strait, a key chokepoint at the Red Sea's southern entrance, have fallen by…
Oil demand growth slows amid economic hurdles – IEA
The International Energy Agency (IEA) reported that this year’s oil demand growth will likely hit 1.3 million…
Oil tanker crisis intensifies as Red Sea attacks divert trade
The oil tanker industry’s old warnings about a shortage of new ships are now impacting the market due to Houthi…
Fuel sales up in Singapore
Fuel sales at one of the busiest ports in the world are rising as a result of the Red Sea shipping crisis.
TotalEnergies stops navigating Red Sea
TotalEnergies stated that the journey of its ships to Europe has been prolonged since the company stopped sending…
Hapag-Lloyd to offer transits in S. Arabia over Red Sea attacks
German shipping giant Hapag-Lloyd will introduce land corridors through Saudi Arabia to mitigate the impact of the…
Bunker fuel prices soar amid Red Sea diversions
Bunker fuel prices soared in Africa and the Mediterranean amid increasing demand due to the diversions in the Red…
Tesla cuts Model Y prices in Germany
Tesla Inc. has cut the prices of its Model Y electric vehicle (EV) in Germany, Reuters reported on Wednesday.
Japan’s NYK suspends Red Sea navigation
Japan's Nippon Yusen (NYK), the country's biggest shipper by sales, put on hold Red Sea navigation for all the…
Qatar, Russia divert vessels from Red Sea
Qatar and Russia, suppliers of liquefied natural gas, are avoiding the Suez Canal in light of heightened risks and…
Suzuki halts Hungary plant for 1 week over Red Sea attacks
Suzuki Motor said on Monday it will halt production of its Vitara and S-CROSS in Hungary for a week amid Red Sea…
Qatar Energy pauses LNG Red Sea shipping amid attacks
QatarEnergy, world's second largest exporter of liquefied natural gas (LNG), paused Red Sea, a senior source…
Oil prices rise in early Tuesday trade
Oil prices rise by more than 1 per cent in early Tuesday trade. Brent Crude rose by 1.14 per cent or 0.86 cents, to…
China’s COSCO suspends shipping to Israel amid Houthi attacks
China’s state-owned and largest shipper COSCO suspended shipping to Israel, Reuters reported on Tuesday, citing…
Red Sea attracts oil tankers despite Houthi attacks
Oil and fuel tankers have continued to navigate the Red Sea despite the ongoing Houthi attacks, a Reuters analysis…
Houthi attacks in Red Sea rise 500% sparking global shipping crisis
The Houthi attacks in the Red Sea soared by 500 per cent since the outbreak of the war on Gaza, leading to a major…
Maersk pauses Red Sea shipping “until further notice”
Maersk announced on Tuesday that it will pause all Red Sea shipping "until further notice," amid the ongoing Houthi…
Maersk schedules Suez Canal journeys for 30+ container vessels
Denmark's Maersk schedules to sail more than 30 container vessels through Egypt's Suez Canal and the Red Sea…