Tag: Red Sea

Rising instability in the Red Sea region has increased war risk insurance premiums significantly, according to Xclusiv Shipbrokers.

The Atlantic Council has delved into the critical importance of the Suez Canal as a vital artery of global trade in order to point out the need for enhanced security measures to ensure the waterway's smooth operation. 

Yemen's Houthi foreign minister, Jamal Amer, has made it clear that the group will not scale back its attacks on Israeli shipping in the Red Sea, despite U.S. military pressure and appeals from Iran.

The United States has vowed to continue strikes against Yemen’s Houthi rebels until they halt attacks on shipping in the Red Sea, U.S. Defense Secretary Pete Hegseth said on 16 March.

The SCA Chairman met with the CEO of MSC to discuss the impact of the developments in the Red Sea region and ways of joint cooperation.

Yemen’s Houthis have given Israel a four-day deadline to lift its blockade on Gaza, threatening to resume attacks on vessels.

The U.S. State Department has officially designated Ansarallah, also known as the Houthis, as a Foreign Terrorist Organization. 

The Red Sea crisis has become a critical point in the Middle East conflict, disrupting trade and maritime transport, the World Bank states.

Egypt's Suez Canal Authority chairman, Osama Rabei, announced on Sunday that since the beginning of February, 47 ships have been rerouted from the Cape of Good Hope to the Suez Canal.

CMA CGM has introduced a new weekly route, passing through the Red Sea which will operate between India and Saudi Arabia.