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.
The United States said on Wednesday it plans to call for U.N. sanctions against vessels identified as taking part in circumvention of United Nations resolutions to combat North Korea's nuclear and missile programs.The British-based Open Source Center issued a report on Wednesday saying that in the past year it had tracked a number of non-Korean flagged vessels transporting North Korean coal and
The Port of Oakland’s container business continues to grow. Total cargo volume shot up 10% year-to-date, January through November 2024, compared to the same period in 2023.“We are optimistic that strong container volume will continue through the end of the year,” said Port of Oakland Manager of Business Development and International Marketing Carolyn Almquist.