Nothing New Under the Sun: Sail Powered Cargo Returns to Atlantic
French ship navigating past NYC to harbor laden with Champagne, Cognac and jam under sail might recall a long-forgotten age of navigation.
maritime trade
Port Operator’s Profits Fall 60 Per Cent, Red Sea Attacks Blamed
Port operator DP World reported Thursday its half-year profits fell by nearly 60%, in part over ongoing attacks by Yemen’s Houthi rebels.
Baltimore Bridge Cargo Ship Moves For First Time in Eight Weeks
The MV Davi was floated and moved to a temporary berth for repairs on Monday, having blocked the Baltimore Harbour for two months.
First Vessel Transits New Temporary Route Into Baltimore Harbour
A temporary channel marked with buoys to allow small amount of priority traffic to go in and out, the first step in a “phased” reopening.
Whoops! Germany Mistakes U.S. Drone for Houthis, Fires Missiles, Misses
Germany inadvertently attempted to shoot down a U.S. Reaper drone on Tuesday night, but the missiles malfunctioned and fell into the sea.
Inflation Warning: Shipping Insurance Rates Soar as Red Sea Crisis Bites
Attacks by Huthi rebels have sent insurance premiums surging, exacerbating costs already stretched by soaring freight rates.
Crew Abandons ‘Sinking’ Ship Struck by Houthi Missile
Attack may be the first serious missile damage inflicted on a merchant ship by the Iran-backed, Shiite Muslim Houthi Rebels.
Owners Say Armed Security Needed on Cargo Ships For Houthi Red Sea Attacks
A group of Dutch shipowners have approached the Ministry of Defence in Amsterdam to get permission to embark armed teams onboard cargo ships.
Worry Houthi Attacks on Global Shipping Will Disrupt Progress on Cutting Inflation
The downward inflation path faces risks from disruptions to shipping through the Red Sea, a key route for goods and fuel headed for Europe.
Still Thinking About it: European Mission to Tackle Red Sea Attacks Three Weeks Away
The European Union plans to launch a naval mission in the Red Sea within three weeks to help defend cargo ships against attacks.
Britain Preparing to Take ‘Direct Action’ Strikes Against Iran Proxy Houthis in Yemen
Britain “won’t hesitate” to join the U.S. and take “direct action” against Houthis in Yemen its Defence Secretary has said.
For Import-Dependent West, Costs Will Add Up As Long as Houthis Keep Red Sea Closed
Until the waterway is proven safe trade will avoid the area or risk it at a premium, forcing up the cost of imports on which the West relies.
UK Shipping Safety Office Warns of Another Blast Menacing Merchant Shipping Off Yemen
A “possible explosion” struck a key shipping lane off Yemen Monday, the latest incident in the vital waterway threatened by Huthi rebels.
Tankers Collide in Suez Canal, Disrupt Traffic Says Egypt
Two tankers carrying oil products and gas collided in the Suez Canal, disrupting traffic through the globally important waterway.
China Claims Demand for Its Cargo Ships Surging as Shipping Companies See ‘Sky-High Profits’
Chinese shipbuilders have seen a “surge” in demand for new cargo ships in recent days, China’s state-run Global Times reported Wednesday.
UK Naval Intelligence Reports ‘Potential Hijack’ Ongoing in Gulf of Oman
The UKMTO warned of a “potential hijack” of a ship off the coast of the United Arab Emirates in the Gulf of Oman, without elaborating.
Egypt to Release Evergreen Ship Which Blocked Suez Canal
Egypt is set to release the MV Ever Given over 100 days since the megaship was refloated after blocking the Suez Canal for six days.
Saudi Arabia Joins U.S.-Led Maritime Patrol Force in Strait of Hormuz
Saudi Arabia said Wednesday it joined Australia, Bahrain and the United Kingdom in a US-led maritime coalition to secure the Mideast’s waterways amid threats from Iran after an attack targeting its crucial oil industry.
Royal Navy ‘Shadows’ UK-Flagged Tanker as Hormuz Transits Continue
A large British-flagged tanker has transited the Strait of Hormuz accompanied by a Royal Navy frigate in the first such passage since Iran seized a U.K.-flagged vessel last week.
