Tag: Red Sea

The transfer of 150,000 tons of oil from the tanker Sounion to the tanker Delta Blue began on 6 November, using portable equipment at a secure anchorage in Suez.

According to reports, Chairman El-Dein stated that the Egypt’s Suez Canal Economic Zone (SCEZ) plans to invest $3 billion on infrastructure.

According to Arab News, a recent UN report on Yemen reveals significant insights into the shipping activities linked to the Houthis.

International Maritime Organization (IMO) Secretary-General, Arsenio Dominguez, has completed a series of visits to countries in the Red Sea area.

Egyptian Foreign Minister Badr Abdelatty, in a meeting with IMO Secretary General, Arsenio Dominguez, highlighted the impact of Houthi attacks, noting that these incidents have hurt Egypt's economy and led to Suez Canal revenue losses estimated at $6 billion.

According to Reuters, Yemen's Houthis announced on 1 November that it would uphold a maritime blockade against Israeli vessels in response to "intelligence information" indicating that Israeli shipping companies are transferring their assets to other entities.

Maersk anticipates sustained strong demand for global shipping in the near future, although it plans to avoid using the Suez Canal until at least 2025 due to security concerns linked to Red Sea attacks, Reuters reports. 

In its latest Review of Maritime Transport, UNCTAD explores the current state of supply chain disruptions, the outlook for maritime trade, and presents policy recommendations. 

According to Gard P&I Club, there has been a significant number of heavy weather-related incidents off the South African coast.

UKMTO reported on 28 October three explosions south of Al Mukha, Yemen in close proximity of a merchant vessel.