Turkish holding company Yilport will invest an expected $1.62 billion to expand two ports in El Salvador and operate them jointly with the local port authority, the government of the Central American country said.Salvadoran President Nayib Bukele, in a post on X on Sunday evening, said the investment is part of his broader economic revitalization plan.
Yemen's Houthis said on Sunday they had conducted two military operations, one in the Gulf of Aden and one in Eilat at the southern tip of Israel.Houthi military spokesperson Yahya Saree said the group had targeted the Israeli ship MSC UNIFIC in the Gulf of Aden with ballistic missiles and drones in addition to attacking military targets in Eilat with drones.
The El Nino climate phenomenon, not climate change, drove lower rainfall last year that reduced the Panama Canal's water levels and contributed to shipping restrictions that disrupted global trade, a study released on Wednesday found.Prioritizing water for human consumption rather than for the canal also played a role in shipping restrictions
An Italian navy ship shot down a drone fired by Yemen's Houthi rebels and targeting a European cargo, the Italian defense ministry said in a statement on Monday.The drone was intercepted "in the late morning" near the Bab-el-Mandeb strait at the southern end of the Red Sea, the ministry said.It was flying toward the cargo ship and taken down while it was 5 kilometers (3.11 miles) away.
U.S. shipping company Crowley has shared first renderings and the names of its four new dual fuel liquefied natural gas (LNG)-powered containerships: Quetzal, Copan, Tiscapa and Torogoz.The 1,400 TEU vessels were ordered in 2022 by Singapore-based Eastern Pacific Shipping (EPS) for scheduled delivery from South Korea’s Hyundai Mipo Dockyard in 2025.
Egypt's Suez Canal Authority said on Monday it had conducted repair work on a missile-hit Greek dry-bulk carrier, highlighting its readiness to restore damaged ships passing through the Red Sea.The Malta-flagged, Greek-owned vessel Zografia had berthed at a floating dock of the authority-affiliated Suez Shipyard Company for repairs after the ship's hull and some components sustained external and
Disruptions to Red Sea shipping caused by Houthi attacks will push up prices of consumer goods, an executive from port and freight operator DP World said on Tuesday as a missile struck another vessel in the region.The Iran-allied Houthi militia has threatened to expand its attacks to include U.S. ships in response to American and British strikes on its sites in Yemen.
The chief negotiator for Yemen's Houthis said on Monday the group's stance has not changed since U.S.-led air strikes on its positions, and warned that attacks on ships headed to Israel will continue.U.S. and British warplanes, ships and submarines last week launched dozens of air strikes across Yemen in retaliation for Houthi attacks on Red Sea shipping
Denmark's Maersk is preparing to resume shipping operations in the Red Sea and the Gulf of Aden, the company said on Sunday, citing the deployment of a U.S.-led military operation designed to ensure the safety of commerce in the area.The shipping giant paused sending vessels through the Bab el-Mandeb strait earlier in December due to attacks against its ships.
Greece has advised commercial vessels sailing in the Red Sea and the Gulf of Aden to avoid Yemeni waters, keep only the necessary crew on the bridge and follow alerts issued by maritime authorities to avoid attacks in the area.Greek ship-owners control about 20% of the world's commercial vessels in terms of carrying capacity.
The Pentagon said it was aware of reports regarding attacks on an American warship and commercial vessels in the Red Sea on Sunday, as Yemen's Houthi group claimed drone and missile attacks on two Israeli vessels in the area."We're aware of reports regarding attacks on the USS Carney and commercial vessels in the Red Sea and will provide information as it becomes available," the Pentagon said.
Unidentified armed individuals have seized a tanker carrying a cargo of phosphoric acid in the Gulf of Aden on Sunday, the vessel's managing company and a U.S. defence official said.The incident, involving the chemical tanker Central Park, is the latest in a series of attacks in Middle Eastern waters since a brutal war between Israel and the Palestinian militant group Hamas broke out on October 7.