Suez Canal

The Houthis are schooling us in asymmetric warfare

The US should resist the temptation to escalate its fight with the Houthis. The temporary loss of the Suez Canal shipping route until the war in Gaza ends is a cost the global economy can survive. What the Houthis are proving is that the developed West faces rising challenges on two fronts from weaker enemies, ranging from non-state actors to the likes of Iran and Russia.

11 March 2024, 06:08 IST

The Houthis are schooling us in asymmetric warfare

11 March 2024, 06:08 IST

Amid Houthi attacks on vessels, Suez Canal head says Egypt studying further expansion of waterway

The comments come as the canal is seeing a sharp fall in revenue due to shipping companies diverting away from the waterway, the shortest route between Europe and Asia, because of attacks by Houthi militants in Yemen against ships in the Red Sea.

05 March 2024, 01:46 IST

Amid Houthi attacks on vessels, Suez Canal head says Egypt studying further expansion of waterway

05 March 2024, 01:46 IST

Red Sea danger is spurring global oil buyers to go local

The global oil market is looking increasingly local as militant attacks in the Red Sea and surging freight rates make supplies from closer to home more attractive.

04 February 2024, 03:27 IST

Red Sea danger is spurring global oil buyers to go local

04 February 2024, 03:27 IST

Freight through Suez Canal down by 45% since Houthi attacks: UN

UNCTAD which supports developing countries in global trade, warned of risks of higher inflation, uncertainty of food security and increased greenhouse gas emissions.

26 January 2024, 10:18 IST

Freight through Suez Canal down by 45% since Houthi attacks: UN

26 January 2024, 10:18 IST

Freighters seek air cargo back-up amid Red Sea shipping crisis

More manufacturers are seeking to fly their products in the next few weeks as attacks on Red Sea shipping force them to find alternate routes, logistics firms say, a potential boon for a sector dealing with muted post-pandemic demand and overcapacity.

17 January 2024, 07:32 IST

Freighters seek air cargo back-up amid Red Sea shipping crisis

17 January 2024, 07:32 IST

Canals aren’t the world's biggest shipping chokepoints

When traffic through the Suez Canal ground to a halt in 2021, the extraordinary cost and disruptions to global commerce seemed overwhelming.

15 January 2024, 03:21 IST

Canals aren’t the world's biggest shipping chokepoints

15 January 2024, 03:21 IST

Maersk continues to schedule Suez journeys despite Houthi attack

Maersk on Sunday paused all Red Sea sailings for 48 hours following attempts by the Iranian-backed Houthis to board its Maersk Hangzhou vessel.

02 January 2024, 07:07 IST

Maersk continues to schedule Suez journeys despite Houthi attack

02 January 2024, 07:07 IST

Markets hit fresh lifetime highs; Sensex gains 370 points

Rising for the fifth consecutive day, the 30-share BSE Sensex jumped 371.95 points or 0.52 per cent to settle at an all-time closing high of 72,410.38. During the day, it rallied 445.91 points or 0.61 per cent to reach its lifetime peak of 72,484.34.

28 December 2023, 11:41 IST

Markets hit fresh lifetime highs; Sensex gains 370 points

28 December 2023, 11:41 IST

Red Sea shipping workarounds add costs, delays for suppliers, retailers

Suppliers for the likes of IKEA, Home Depot, Amazon and retailers around the world are rerouting their cargos away from Suez Canal following militant attacks on vessels in the Red Sea.

28 December 2023, 07:38 IST

Red Sea shipping workarounds add costs, delays for suppliers, retailers

28 December 2023, 07:38 IST

Ships rerouted by Red Sea crisis face overwhelmed African ports

Hundreds of large vessels are rerouting around the southern tip of Africa, a longer route adding 10-14 days of travel, to escape drone and missile attacks by Yemeni Houthis that have pushed up oil prices and freight rates.

22 December 2023, 13:45 IST

Ships rerouted by Red Sea crisis face overwhelmed African ports

22 December 2023, 13:45 IST