Oil prices to drop down by 3% as Red Sea Shipping disruptions ease
Oil prices fell 3 percent as more shipping companies said they were ready to transit the Red Sea route, easing concerns about supply disruptions as Middle Eastern tensions stay elevated.
Editor
Emerging markets can lose major business, after red sea disruption
The wave of attacks against merchant ships in the Red Sea is forcing companies to send ships on longer routes and threatens to hurt an already wobbly global economy.
Adil Aziz
Shipping lines Insurance cost soar to Red Sea transit, after attacks on Cargo Ships
THE cost of insuring vessels that will transit the Red Sea jumped again this week after mounting attacks in the region forced some ships to avoid the vital waterway.
Malaysian govt. bans Israeli-flagged ships in their water territory
MALAYSIA banned Israeli-flagged cargo ships from docking at its ports in response to Israel’s actions in Gaza, which it said ignores “basic humanitarian principles”.
Mehfooz
Incoming day’s will consumers to suffered delay in shipment, due to tension in red sea
SHIPPING and logistics companies are warning of delays and higher charges for Asia-Europe freight, as major shipping lines reroute from the Suez Canal to avoid Yemeni rebel attacks in the Red Sea.
Ports, shipping need to go green to resist future global crises: UNCTAD
The entire shipping industry must invest urgently in sustainability if it is to withstand future shocks and help prevent another global cost-of-living crisis linked to supply chain disruption. “Ships carry over 80 per cent of the goods traded globally, with the percentage even higher for most developing countries; hence the urgent need to boost resilience…