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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

 

Latest News & Analysis

Shipping faces new reality: wars, protectionism, and threats to freedom of navigation

Rough seas ahead for shipping as world approaches ‘global danger’ not seen in decades, forum hears

Red Sea Risk Political Risk and Trade

Houthis unlikely to halt Red Sea attacks despite ceasefire, former US Secretary of Defense says

‘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

Red Sea Risk Political Risk and Trade
UPDATED

Updated: MSC ship hit in latest missile attack

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

Red Sea Risk Containers

Global Ship Lease remains unfazed by uncertain box market outlook

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

Red Sea Risk Containers

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

Week in Charts Red Sea Risk
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Houthis claim first casualty as Rubymar sinks two weeks after attack

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

Casualty Red Sea Risk

Red Sea crisis deals blow to Piraeus’ standing as East Med’s transhipment king

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

Red Sea Risk Containers

Rubymar owners defy Houthi threats in final bid to save sinking bulker

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

Red Sea Risk Casualty
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