Global oil market turns local amid Red Sea unrest
Oil market appears more localised, as the ongoing Red Sea unrest and rising freight rates made supplies from closer…
Browsing Tag
Houthis attacks on Red Sea
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…
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 to resume its operations in Red Sea
Denmark's Maersk announced on Sunday that it is getting ready to start shipping again in the Red Sea and the Gulf…
Oil prices mixed while Houthis’ attacks on Red Sea continue
Oil prices went up on Tuesday while Houthis’ attacks on navigation movement in the Red Sea continued to disrupt…