Maersk CEO: No Return to Red Sea Shipping Expected until ‘Well Into 2025’
A.P. Moller-Maersk expects strong demand for shipping goods around the globe to continue in the coming months, though does not expect to resume sailing through the Suez Canal until "well into 2025".Attacks on vessels in the Red Sea by Iran-aligned Houthi militants have disrupted a shipping route vital to east-west trade, with prolonged re-routing of shipments pushing freight rates higher and causing congestion in Asian and European ports."There are no signs of de-escalation and it is not safe for our vessels or personnel to go there ...
Houthis Target Three Ships in Red Sea and Arabian Sea
Yemen's Houthis said on Monday that they targeted three ships in the Red Sea and Arabian Sea, attacks they called part of their efforts to enforce a naval blockade on Israel.Houthi military spokesperson Yahya Sarea said in a televised address the vessels were targeted for attempting to approach ports bound for Israel.According to the latest data from LSEG, all three targeted vessels were Liberia-registered.One of the vessels, identified by the Houthis as bulk carrier Motaro, was last seen off Yemen's western coast in the Red Sea…
Prepare for Attack: Houthis Issue Email Alert to Shipping Fleets
On a warm spring night in Athens, shortly before midnight, a senior executive at a Greek shipping company noticed an unusual email had landed in his personal inbox.The message, which was also sent to the manager's business email address, warned that one of the company's vessels travelling through the Red Sea was at risk of being attacked by Yemen's Iranian-backed Houthi militia.The Greek-managed ship had violated a Houthi-imposed transit ban by docking at an Israeli port and would be "directly targeted by the Yemeni Armed Forces in any area they deem appropriate…
Red Sea Insurance Costs Skyrocket Amid Rising Houthi Shipping Threats
The cost of insuring a ship through the Red Sea has more than doubled since the start of September and some underwriters are pausing cover as the risk of attack from Yemen's Houthis on commercial vessels increases, industry sources said.The Iran-backed Houthis first launched aerial drone and missile strikes on the waterway in November. They say they are acting in solidarity with Palestinians under assault in Israel's war on Gaza. In more than 70 attacks, the Houthis have sunk two vessels…
Risky Salvage of Houthi-hit Tanker Sounion to Restart This Week
Experts will this week resume a risky operation to salvage the Sounion tanker which was attacked by Yemen's Houthis in the Red Sea last month and still holds about one million barrels of crude oil, maritime sources said on Thursday.The towing of the Greek-registered vessel - which was struck, lost power and caught fire on Aug. 21 - was paused after it was deemed unsafe by the companies initially involved in the project.Officials have said the towing operation will be particularly delicate…
Maersk Warns of Escalating Disruption as Red Sea Attacks Persist
The negative impact on maritime shipping and global supply chains from attacks in the Red Sea continues to intensify as traffic is rerouted away from the Suez Canal, Danish shipping company A.P. Moller-Maersk said on Thursday.Attacks in the Red Sea by Iran-aligned Houthi militants have disrupted a route vital to east-west trade, with prolonged rerouting of shipments, pushing freight rates higher and causing congestion in Asian and European ports.Maersk said recent data showed…
Salvors Say It's Unsafe to Tow Tanker Sounion Hit by Houthis in the Red Sea
Private companies involved in salvaging the Sounion tanker, which was attacked by Yemen's Houthis in the Red Sea, are exploring other options after the towing operation was deemed unsafe, the European Union's naval mission said on Tuesday.The Sounion, which was struck on Aug. 21 and which the Houthis and maritime sources have said has been rigged with explosives, is laden with about one million barrels of crude oil and still on fire.The EU's naval force Aspides has said it will…
Houthis Attack More Oil Tankers in the Red Sea, US Military Says
Yemen's Iran-backed Houthi rebels attacked two crude oil tankers - the Saudi-flagged Amjad and the Panama-flagged Blue Lagoon I - in the Red Sea on Monday, the U.S. military said, calling the assaults "reckless acts of terrorism".The Houthis late on Monday claimed responsibility for targeting the Blue Lagoon with multiple missiles and drones but did not make any mention of the Saudi tanker.The U.S. Central Command said the Houthis attacked the two tankers with two ballistic missiles and a one-way attack uncrewed aerial system…
Salvage of Stricken Oil Tanker Sounion Expected in Coming Days
A salvage operation to recover a Greek registered oil tanker stranded in the Red Sea after an attack by Houthi militants is expected to start in the coming days, two sources with knowledge of the matter said on Friday.What was decided yesterday is an initial gameplan, of the operation starting in 48 hours," one of the sources said. A second source said the operation was likely to be complex, since Houthis had rigged the vessel with explosives.At stake is the safe removal of a…
Houthis Will Let Salvors Access Oil Tanker They Set Ablaze, But No Truce in Place
Yemen's Houthi group has agreed to allow tugboats and rescue ships to reach a damaged crude oil tanker in the Red Sea, Iran's mission to the United Nations said on Wednesday, after the Iran-aligned militants attacked the Greek-flagged vessel last week.The Sounion tanker is carrying 150,000 tonnes, or 1 million barrels, of crude oil and poses an environmental hazard, shipping officials said. Any spill has the potential to be among the largest from a ship in recorded history."Several countries have reached out to ask Ansarullah (the Houthis)…
Houthis Agree to Truce So Salvors Can Reach Damaged Oil Tanker, Iran Says
Yemen's Iran-aligned Houthi group has agreed to a temporary truce to allow tugboats and rescue ships to reach the damaged Greek-flagged crude oil tanker Sounion in the Red Sea, Iran's mission to the United Nations in New York said on Wednesday."Several countries have reached out to ask Ansarullah (the Houthis), requesting a temporary truce for the entry of tugboats and rescue ships into the incident area," Iran's U.N. mission said. "In consideration of humanitarian and environmental concerns…
Red Sea Insurance Nearly Doubles After Latest Ship Attack
The cost of insurance for ships sailing through the Red Sea has nearly doubled after Yemen's Houthis attacked a tanker that appears to be leaking oil, with environmental fears growing for trade route, industry sources said on Wednesday.Iran-aligned Houthi militants first launched aerial drone and missile strikes on the waterway in November in what they say is solidarity with Palestinians in Gaza. In over 70 attacks, they have sunk two vessels, seized another and killed at least three seafarers.In the latest escalation…
No Spill from Oil Tanker Sounion Attacked in the Red Sea
The European Union's mission in the Red Sea, known as Aspides, said on Wednesday there was no oil spill in the area of the MV Sounion tanker that was targeted recently off Yemen's coast.Aspides added that the Greek-flagged oil tanker was still anchored and not drifting.The Pentagon said on Tuesday the tanker was still on fire in the Red Sea and appeared to be leaking oil.Reuters couldn't immediately confirm that a spill or a leak had occurred.Asked about the Pentagon statement…
Sounion Still on Fire After Houthi Attack
The Greek-flagged ship Sounion has been on fire since Aug. 23 after an attack by Yemen's Houthis with no obvious signs of an oil spill, EU Red Sea naval mission Aspides said in a post on X on Monday.The EU mission published photos dated Sunday showing fire and smoke coming out of the vessel's main deck.Houthis, who control Yemen's most populous regions, said on Thursday that they attacked the Sounion oil tanker in the Red Sea. The Iran-aligned group has been attacking ships in…
Fires Seen on Abandoned Tanker Sounion Hit by Houthis in the Red Sea
Three fires have been observed on board a Greek-flagged oil tanker in the Red Sea, The United Kingdom Maritime Trade Operations (UKMTO) said on Friday, one day after it was evacuatedby its crew after being attacked by Yemeni Houthi militants.The Houthis, who control Yemen's most populous regions, said on Thursday that they attacked the Sounion oil tanker in the Red Sea, as the Iran-aligned group has been attacking ships in solidarity with Palestinians in the war between Israel…
Australia Next to Command Red Sea Maritime Task Force
Australia will assume command of the Combined Maritime Force’s Combined Task Force (CTF) 153 for six months from October.CTF 153 was established in April 2022 and focuses on international maritime security and capacity-building efforts in the Red Sea, Bab al-Mandeb and Gulf of Aden.Australia has been conducting maritime security operations in the Middle East under Operation MANITOU since 1990 and has previously commanded CTFs 150 and 152. This will be its first time for CTF 153.Chief of Joint Operations…
Greek-flagged Tanker Vessel Crew Forced to Abandon Ship
The crew of Greek-flagged oil tanker the Sounion that was attacked in the Red Sea abandoned the vessel and were taken to Djbouti by the EU's Red Sea naval mission "Aspides", an official in the mission told Reuters on Thursday.The tanker, with a listed capacity of 163,759 MT, was the third vessel operated by Athens-based Delta Tankers to be attacked in the Red Sea this month.The Iran-aligned Houthi militants have launched attacks on international shipping in the Red Sea region since November in solidarity with Palestinians in the war between Israel and Hamas in Gaza.Sounion…
Tanker Adrift After Coming Under Attack in Red Sea
A Greek-flagged tanker was adrift in the Red Sea on Wednesday after repeated attacks that started a fire on the vessel and caused the ship to lose power, the UK maritime agency said.Iran-aligned Houthi militants have launched attacks on international shipping near Yemen since November in solidarity with Palestinians in the war between Israel and Hamas. They did not immediately claim responsibility for Wednesday's attacks.Passengers on two small boats attacked the Sounion, hitting…
Tanker Vessel Reported Attack off Yemen's Hodeidah
Oil products tanker Sounion reported being attacked by two small boats and struck by three projectiles in the Red Sea off Yemen on Wednesday, the United Kingdom Maritime Trade Operations (UKMTO) said.There were no casualties reported among the 25 crew members onboard, but the Greek-flagged vessel has lost the ability to maneuver, UKMTO added.The vessel reported being approached by two small craft with approximately 15 people onboard and said there was a brief exchange of small arms fire…
Two Vessels Report Attacks in the Red Sea off Yemen
Two crude oil tanker ships reported coming under attack in the Red Sea off the coast of Yemen on Tuesday, although neither reported damage, maritime security agencies said.The attempted assaults on those vessels, identified as the Liberia-flagged Delta Atlantica and the Panama-flagged On Phoenix, bear the hallmarks of Iran-aligned Houthi militant attacks on international cargo shipping in solidarity with Palestinians in the war between Israel and Hamas.The Houthis have not claimed responsibility for Tuesday's attacks.
Maersk's Profits Boosted by Red Sea Disruption
Shipping group Maersk raised its full-year earnings and market demand forecasts on Thursday, partly due to disruptions to Red Sea trading routes, but also said prospects for the fourth quarter were uncertain.The Danish group, seen as a barometer of world trade, said it now expected global container market volumes to increase 4-6% this year, up from its previous forecast of growth at the upper end of a 2.5-4% range.It added, however, that there was a lack of clarity around supply and demand in the fourth quarter of the year.Maersk's share price initially rose on the news…
Singapore-Flagged Container Ship Hit by Projectiles in Red Sea
The Maritime and Port Authority of Singapore (MPA) has informed that the Singapore-flagged container vessel LOBIVIA had been struck by unidentified projectiles while transiting the Gulf of Aden.The impact caused the fire onboard, which has been extinguished by the crew.According to MPA, all crew are accounted for and are safe and there are no Singaporeans onboard.LOBIVIA is moving under her own propulsion and has arrived at Berbera Port, Somalia to assess the damage and repairs needed.“MPA is in contact with the vessel manager to provide any assistance required.
EU Naval Mission Says It Destroyed Drones in Gulf of Aden
The EU naval mission protecting ships crossing the Red Sea said its frigate Psara had destroyed two unmanned aerial vehicles in the Gulf of Aden on Sunday.The Aspides mission began in February in response to drone and missile attacks on vessels by Iranian-aligned Houthi militants. The Houthis describe the attacks as acts of solidarity with Palestinians in Israel's war in Gaza.Other countries, including the United States, also have naval forces operating in the area.(Reuters - Reporting by Renee Maltezou and Lefteris Papadimas; Editing by Angus MacSwan)