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Tag: Red Sea

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Red Sea crisis spurs surge in TEU capacity: Newbuildings fully absorbed

Antonis Karamalegkos - March 12, 2024 0

The total container ship capacity deployed on trades affected by the Red Sea crisis has increased by 1.26 million TEUs since October 2023, driven...

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Singaporean bulk carrier hit by Houthi missiles in mistaken identity

Container News Team - March 11, 2024 0

Houthi rebels have apparently fired at a Singaporean-owned bulk carrier after mistaking it for a US ship. The 2012-built Singapore-flagged Supramax vessel, Propel Fortune, was...

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Red Sea challenges boost charter rates

Container News Team - March 11, 2024 0

Analysts and brokers are continuing to report charter rates spiralling upwards as carriers look to plug gaps in their diverted Asia to Europe services...

News

Major shipping associations express concern about Houthi rebels’ first fatal vessel attack

Antonis Karamalegkos - March 7, 2024 0

Several associations of the shipping industry published a joint statement to express their deep concern over the tragic loss of life and injuries suffered...

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Houthis first fatal ship attack: Three seafarers killed

Container News Team - March 7, 2024 0

Houthi rebels have inflicted the first fatal attack on a ship since the Iran-backed group began reprisals for the Israel-Gaza War in November 2023. Three...

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Houthis hit MSC vessel in Gulf of Aden with missile

Container News Team - March 5, 2024 0

An MSC-owned container ship was attacked by Houthi rebels while crossing the Red Sea on 4 March. According to the US Central Command, the 1999-built,...

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CMA CGM resumes Red Sea transits

Antonis Karamalegkos - February 29, 2024 0

French shipping company CMA CGM Group has announced it will resume Red Sea transits on a case-by-case basis. The Marseille-based carrier said, "We have reevaluated...

Industry Opinions

Cargo volumes in Red Sea drop significantly due to vessel attacks

Ioanna Kontos - February 28, 2024 0

"During the first seven weeks of 2024, cargo volumes to and from ports in the Gulf of Aden and Red Sea declined 21% y/y....

Industry Opinions

Red Sea Crisis: Spiralling ocean freight rates from Far East to US may have peaked

Container News Team - February 19, 2024 0

The Red Sea crisis sent ocean freight rates from the Far East to the US spiralling by more than 150%, but there appears to...

News

Sea-Intelligence forecasts 16% increase in TEU*Miles due to Red Sea crisis

Ioanna Kontos - February 15, 2024 0

After reconfiguring liner networks to incorporate the round-of-Africa routing, Sea-Intelligence's standard model for estimating demand in TEU*Miles was used to assess the potential impact...

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Tag: Red Sea

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