The Houthis have ratcheted up the fear factor for seafarers heading to the Middle East – as well as families at home – with their latest video showcasing how they managed to deploy boats packed with explosives to take out the Greek-controlled Tutor kamsarmax last week, a first-of-its-kind attack in the Houthis’ seven-month campaign against merchant shipping, and one that…
The economic effects of the Houthi strikes against Red Sea shipping became evident with the Port of Eilat’s request for financial assistance from the Israeli government following an 85% decline in volumes. Eilat is situated on Israel’s southern coast on the Red Sea, linking the country to Asia and the Indian Ocean without the need to transit the Suez Canal,…
Despite belligerent rhetoric and videos and images of enhanced military assets, it has now been eight days since the last confirmed incident in the Red Sea reported by merchant vessels to the United Kingdom Maritime Trade Operations (UKMTO). This comes after a severe escalation by the Houthis in June both in terms of the number of attacks and their sophistication,…
With tugs by its side the Dali, this year’s most infamous ship, finally left Baltimore yesterday, some three months after it smashed into the city’s largest bridge. The ship will transit to Virginia International Gateway to offload approximately 1,500 containers to reduce draft, before moving to Norfolk International Terminal for repairs. The National Transportation Safety Board (NTSB) released an update regarding…
Alphaliner data shows that the global liner vessel fleet has reached 30m TEU for the first time in history with a TEU tsunami cascading out of yards in Asia this year delivering a record volume of new buildings. The pace of growth of the global container fleet is remarkable. It took the industry around 50 years to reach the 5m…
NEW DELHI, June 19 (Reuters) – India’s cabinet approved development on Wednesday of a new deep-water port that the government said will be a crucial part of a plan to connect the Asian country with Europe by sea and rail links through the Middle East. The Vadhavan port will be built on India’s western coast, about 150 km (93 miles)…
The Singapore port is a major transshipment port used by Indian trade. While there is no respite in the Middle East for the shipping industry that continues to face hardship due to the Red Sea route suspension, there is now tension in the South East due to severe congestion at Singapore port and China’s Shanghai/Ningbo ports has only aggravated the…
The consortium Goal Zero unveiled the first completely electric cargo ship in Singapore on Thursday (23 November) at Raffles Marina. The Goal Zero consortium is spearheaded by a Singapore-based firm, SeaTech Solutions, which designed the vessel. Yinson GreenTech (abbreviated the YGT), a subsidiary ofYinson Holdings listed with Bursa, was primarily responsible for program management, commercialisation, and system solutions with…
The rescue mission has included five cargo vessels besides three Coast Guard vessels, the Air Force and Navy helicopters, and a navy frigate. Representation Image The Raptor, registered with the Comoros, carried 6,000 tons of salt from Alexandria, Egypt, to Istanbul, according to the coast guard. According to the Coast Guard, it had a crew of 14, comprising eight Egyptians,…
Uganda’s Presidential Advisory Committee on Exports and Industrial Development (PACEID) recently announced its partnership with the Technology Associates & CargoX Consortium (TA-CargoX) to develop TradeXchange. TradeXchange is a national trade facilitation platform for exporters expected to be a game-changer for Uganda’s export trade landscape. This partnership is particularly significant when looking at Uganda’s current export statistics. As per the Bank…