'During the first two weeks of October, weekly container ship capacity transiting the Suez Canal averaged 753k TEU, according to Clarksons Research, compared with 1,457k TEU during the same period in 2023. Since the Houthi attacks began in the Red Sea, this is the first time that transits have exceeded 50% of pre-disruption levels,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.In November 2023…
On October 29, 2026, a Somali Pirate Action Group of 12 armed pirates hijacked the Iranian fishing dhow AZINI approximately 185 nautical miles east of Bandarbeyla, Puntland. The vessel’s crew reportedly included 21 Iranian fishermen and two Somali security guards…
Yemen's Mocha port has suspended commercial and maritime operations after being hit by more than 25 missiles in Houthi attacks over recent days, the port's director said on Saturday.The attacks killed seven people and caused an estimated $16 million in losses…
Saudi Aramco has offered additional crude cargoes for loading from Egypt's Mediterranean port of Sidi Kerir, according to five trading sources, as Houthi threats to Saudi shipping raise risks for southbound Red Sea exports through the Bab el-Mandeb strait…
Yemen's Iran-aligned Houthi militia told shipping companies not to load or discharge cargo at Saudi Arabian ports or they may be targeted, according to an email the group sent to companies.The Houthis on Monday declared a naval blockade against Saudi Arabia…
The insurance cost of shipping goods through the Red Sea rose on Monday after Yemen's Iran-aligned Houthis said they were imposing a naval blockade on Saudi Arabia, escalating risks for merchant shipping, insurance industry sources said.The…
Houthi militia have reportedly ceased attacks on Israel and shipping in the Red Sea, and the impact could be seismic for global ocean container shipping, warns Chief Analyst Peter Sand at Xeneta. However, an immediate largescale return to the region will require a series of further assurances…
The Israeli military attacked Houthi targets in Yemen's Hodeidah port on Monday in its latest assault on the Iran-backed militants, who have been striking ships bound for Israel and launching missiles against it.Israeli Defence Minister Israel…
Several Greek-managed tankers transporting Russian oil to Asia are increasingly avoiding the Red Sea, opting instead for the longer route around Africa, due to escalating security threats from Houthi attacks, three oil traders and LSEG shipping data show…
Yemeni Houthi militia leader Abdul-Malik al-Houthi said on Thursday (July 10) that no company would be permitted to transport goods related to Israel through designated areas at sea.“It is not permissible for any company transporting goods for…
