Red Sea Risk
As attacks on commercial shipping to continue in the Red Sea, Lloyd's List offers the latest insight, analysis and commentary on how the crisis is impacting shipping markets and global trade
EU ETS and Red Sea crisis swell Maersk bunker bill in first quarter
Maersk introduced a €23 per dry teu ETS surcharge on the east Asia to north Europe route during the first quarter based on an ETS price estimate of €82 per tonne of CO2
Maersk remains cautious on capacity outlook
Capacity shortages and strong demand have propped up freight rates and will do so for another quarter. But beyond that, the looming threat of overcapacity remains, even if the Red Sea crisis continues
Maersk lifts outlook on Red Sea disruption
Higher demand and freight rates have led Maersk to raise the lower end of its guidance for the full year. But overcapacity remains a concern, despite increasing volumes
Red Sea closure a mixed bag for Africa
Higher costs and closed trade lanes are hitting African countries hard. But there are opportunities for the continent to benefit in the longer term
Houthis deploy new weapons to secure first direct hit in Indian Ocean
UPDATE: Analysis of a video circulated by Houthi following the attack suggest that a Shehab drone may have been used against MSC Orion, suggesting that significantly more accurate weapons with a range of up to 1,600 km are now being used to target ships
Vessel Protect ups limits for hull and cargo war risk
Move comes after Howden’s recent launch of cargo facility for Red Sea
Bulker hit by Houthis called in port controlled by the militants earlier this month
Eastmed-managed Cyclades sustained damage from a Houthi attack, UKMTO said. The militants confirmed targeting the vessel — which called in the Houthi-controlled port of Saleef in mid-April — and also claimed to have hit an MSC boxship and US naval assets
Red Sea traffic stable at new ‘normal’ despite spate of attacks
Those not willing to accept the risk of a Houthi attack have diverted and those that remain are likely going to continue sailing the shipping lanes off Yemen regardless of how the situation develops based on behaviour to date
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