Red Sea Risk
As attacks on commercial shipping to continue in the Red Sea, Lloyd's List offers the latest insight, analysis and commentary on how the crisis is impacting shipping markets and global trade
Türkiye to lose major seaborne trade partner with Israel ban
Turkish embargo to hit containerships, bulkers and general cargo vessels
Unabated Red Sea crisis propels new surge in global container rates
This week, both the Shanghai and Drewry container rate index have experienced significant surges. Even so, they have now come in below market quotes for departures in the latter half of May
Houthis are targeting MSC due to perceived Israeli affiliation
The latest string of Houthi attacks targeting more MSC ships has been justified by the Yemeni militants on the basis of a perceived, but erroneous link to Israel
Two MSC vessels the target of missile attacks in Gulf of Aden
Several MSC ships have been targeted in the Red Sea and western Indian Ocean in recent weeks, alongside the hijacking of the MSC-operated MSC Aries by Iranian forces
Houthis’ east Mediterranean threat should be taken with pinch of salt
Attacks have so far been concentrated in the southern Red Sea and Gulf of Aden. Accurately targeting vessels far away from Houthi-controlled territory would be difficult, but the underlying warning should not be dismissed
Maersk justifies more rate hikes amid analyst doubt on Asia-Europe capacity loss
While tensions in the Middle East remain unresolved, carriers are pushing for a new round of freight rate increases
Colombo cashes in on Red Sea rerouting at expense of Saudi majors
Transhipment traffic may have ground to a halt in the Red Sea, but Sri Lanka’s hub-and-spoke specialist has reaped the rewards of the trunk liner trades’ southern migration. For ships rerouting around the Cape of Good Hope, Colombo is positioned as an unrivalled wayport option for Middle East and Indian subcontinent cargoes
Container demand uptick may be temporary
Carriers are reporting strong demand and high load factors. But Red Sea delays have prompted cargo owners to bring forward orders that may turn into excess inventory
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