Rough seas ahead for shipping as world approaches ‘global danger’ not seen in decades, forum hears
‘Good reason to doubt the Houthis’ word’, former CIA director and US Secretary of Defense tells Journal of Commerce TPM 2024 conference in Long Beach
Liberia-flagged, 2,169 teu containership MSC Sky II is the latest victim of Houthi attacks. Militants continue to target commercial ships in the region following the first vessel sinking over the weekend
Legacy charters from container market supercycle and recent tightening of supply and demand help US-listed owner to strong fourth quarter and full-year 2023 results
The week in charts: Alternative-fuel newbuilding orders decline | Red Sea crisis pains Piraeus | War halves Ukraine’s maritime trade | Container rates slide
A slowdown in liner alt-fuel orders has led to commodity carriers making up the greater share of newbuilding orders in recent months, while Piraeus feels the pain of Red Sea disruption and Ukraine’s maritime trade is halved
Holed by two Houthi missiles two weeks ago, the 28-year-old Rubymar has finally sunk leaving a fuel oil slick and 21,000 tonnes of ammonium phosphate sulphate to clean up. The sunken bulker presents an environmental risk and a navigational hazard to shipping
Lloyd’s List Intelligence data shows calls of larger tonnage, 10,000 teu and above, at Piraeus have more than halved since mid-December, when carriers began Red Sea rerouting. The port’s container throughput also sustained a double-digit drop in January
The heavily damaged, listing and leaking bulker Rubymar will be towed to either Aden or Jeddah, regardless of Houthi threats to block operations. “If we don’t tow it now it will sink,” says ship’s chartering broker
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