Yemen's Iran-aligned Houthis have released the crew of the Galaxy Leader more than a year after they seized their Bahamas-flagged vessel off the Yemeni Red Sea coast, Houthi-owned Al Masirah TV reported on Wednesday.It said the crew were handed to Oman "in coordination" with the three-day-old ceasefire in Gaza's war between Israel and Palestinian militant group Hamas.
Big energy merchants trading oil cargoes that form the basis of the Brent benchmark have used an obscure clause to reroute U.S. shipments from Europe, in a practice that raises doubts over whether reforms to the crude price marker have succeeded.Brent, the most significant benchmark across commodity markets, is used to price more than 60% of globally traded crude and underpins oil futures.
Broker Marsh and Lloyd's underwriter Tokio Marine Kiln (TMK) have set up business interruption insurance for ports to provide cover against growing trade disruption risks such as threats to shipping in the Red Sea, executives involved said.Ports across the globe are dealing with multiple issues that are disrupting flows of goods
Canada's largest shipbuilder, Davie, on Monday announced it will establish a shipbuilding presence in the United States.The Quebec-headquartered company's investment in a U.S. shipyard remains subject to final site and partner selection, Davie said in a statement.The move coincides with actions announced by the U.S. government to boost the competitiveness of the U.S.
A merchant vessel reported being hit by a projectile in the Red Sea off the coast of Yemen on Thursday, British security firm Ambrey said.No injuries or damage were reported in the incident, which occurred 84 nautical miles west of Yemen's port of Hodeidah, Ambrey added.The vessel was headed for city of Dammam in Saudi Arabia.
Yemen's Houthis said on Sunday that they had attacked two civilian ships along with an American destroyer in the Red Sea and Arabian Sea, their latest effort to disrupt shipping in what they say is support for Palestinians in Gaza.In a statement, the Houthi military spokesperson, Yahya Saree, said the militant group fired ballistic missiles at the American destroyer
Yemen's Houthi group said on Thursday it launched two joint military operations with the Iraqi Islamic Resistance against ships at Israel's Haifa port."The first targeted two ships carrying military equipments in the port of Haifa, while the second targeted a ship that violated the decision to ban entry to the port," Houthi military spokesperson Yahya Saree said in a televised statement.
Trader Gunvor and French major TotalEnergies have stored North Sea crude in at least four tankers in the past month as on-water stockpiling of the grades hits a 2-1/2 year high, a fresh sign of weak appetite for oil from refiners.At least 2.6 million barrels of North Sea crude grades Forties and Gullfaks have been put in floating storage in Europe, the highest volume since January 2022
Somali pirates released a hijacked ship, MV Abdullah, and its crew of 23 early on Sunday after a $5 million ransom was paid, according to two pirates."The money was brought to us two nights ago as usual... we checked whether the money was fake or not. Then we divided the money into groups and left, avoiding the government forces," Abdirashiid Yusuf, one of the pirates, told Reuters.
A ship transporting almost 200 tons of food to Gaza left a port in Cyprus early on Tuesday in a pilot project to open a new sea route for aid to a population on the brink of famine.The charity ship Open Arms sailed out of Larnaca port in Cyprus, towing a barge containing flour, rice and protein.
The Dutch government on Friday said it would replace nearly its entire navy fleet in the coming 15 years, in a project worth several billion euros that it said would mainly benefit Dutch industry.A large part of the project would consist of the replacement of four air defense frigates, the government said, confirming an earlier report by RTL Nieuws.
Container ship MSC Sky II was continuing its voyage to Djibouti on Tuesday after being hit by a missile a day earlier near Yemen's port city of Aden, its operator MSC said.MSC Sky II was hit by a missile about 85 miles southeast of Aden and 170 miles east-southeast of the Bab al-Mandab Strait while it was sailing from Singapore to Djibouti, the Swiss-headquartered MSC said in a statement.