Suez Canal

War risk exclusions by insurers heighten stakes in Red Sea attacks

In early February, oil markets were lulled by hope of a now-unlikely ceasefire in the Israel-Hamas war. But a recent string of Houthi attacks have reignited concerns about the Red Sea crisis, raising the floor for tanker rates.

The Iran-aligned Houthis claimed responsibility for Friday’s attack on oil tanker M/T Pollux, which was bound for India. No injuries were reported.

This and other recent Houthi attacks, which followed a brief pause in early February, led major maritime insurer Steamship...

https://www.freightwaves.com/news/war-risk-exclusions-by-insurers-heighten-stakes-in-red-sea-attacks

Twice targeted by Houthis, Star Bulk won’t be going through Suez

Athens-headquartered, NASDAQ-listed Star Bulk Carriers Corp. has had two of its ships targeted by Houthi attacks, even though one of them, the Star Iris was carrying a cargo of corn from Brazil to for Bandar Iman Khomeini, Iran.

Houthi Attack in Bab al-Mandeb

On Feb. 12 from 3:30 to 3:45 a.m. (Sanaa time), Iranian-backed Houthi militants fired two missiles from Houthi-controlled areas of Yemen toward the Bab al-Mandeb. Both missiles were launched toward MV Star Iris, a Greek-owned, Marshall… p...

https://www.marinelog.com/legal/safety-and-security/twice-targeted-by-houthis-star-bulk-wont-be-going-through-suez/

Despite dim outlook, January imports grew at fastest pace in 7 years

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With geopolitical tensions rising around the Suez Canal and water levels dropping at the Panama...

https://www.freightwaves.com/news/despite-dim-outlook-january-imports-grew-at-fastest-pace-in-7-years

232 Salvatore Mercogliano, PhD, Chair, Department of History Criminal Justice and Political Science at Campbell University

What is going on with shipping?

In episode 232, Sal Mercogliano, a former mariner, a teacher and a Youtuber, is the guest. We talk about the global hotspots and how what is going on there impacts shipping.

Sal is passionate about putting today’s shipping in a historical context. He started his Youtube channel, What is Going on with Shipping, when EVER GIVEN was stuck in the Suez Canal, and he found it so fun, he got so many people cheering him on, so he decided to take it to the next level.

With...

https://shippingpodcast.com/232-salvatore-mercogliano-phd-chair-department-of-history-criminal-justice-and-political-science-at-campbell-university/

Houthi attacks continue, but don’t stop Red Sea trade

Red Sea trade as reflected in Suez Canal traffic

Major strikes on Houthi infrastructure in Yemen carried out by the U.S. and U.K. on February 3, seemed to have brought a two day pause in the Iran-backed group’s attacks on merchant shipping, but by yesterday the attacks had resumed, continuing to have a dampening effect on Red Sea trade.

Iranian-Backed Houthi Terrorists conduct Multiple Anti-Ship Ballistic Missile Attacks in the Southern Red Sea and Gulf of Aden:

On Feb. 6, from approximately 1:45 a.m. to 4:30 p.m. (Arabian Standard Time)...

https://www.marinelog.com/legal/safety-and-security/houthi-attacks-continue-but-dont-stop-red-sea-trade/

Red Sea turmoil drives Chinese exporters to rail, other alternatives

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A recent round of U.S. and British strikes on Houthi targets in Yemen raise fresh questions about...

https://www.freightwaves.com/news/red-sea-turmoil-drives-chinese-exporters-to-rail-other-alternatives

Is the Red Sea effect on container shipping being overblown?

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No one disputes that the Red Sea crisis is massively diverting containerized goods around the Cape...

https://www.freightwaves.com/news/is-the-red-sea-effect-on-container-shipping-being-overblown

Red Sea-driven surge in container shipping rates loses momentum

map showing container ships diversions from Red Sea to Cape of Good Hope

Mass diversions of container ships around Africa’s Cape of Good Hope caused spot rates to surge, but the Red Sea effect has a limit, which may have already been reached.

Upward momentum has slackened. Rates in most lanes have leveled off. Several indexes for European lanes have pulled back.

The Shanghai Containerized Freight Index (SCFI) dropped 2.7% in the week ending Friday versus the prior week, the first weekly drop since late November.

Location of container ships with capacity of 10,000...

https://www.freightwaves.com/news/red-sea-driven-surge-in-container-shipping-rates-loses-momentum

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