Lloyd’s List Intelligence data shows calls of larger tonnage, 10,000 teu and above, at Piraeus have more than halved since mid-December, when carriers began Red Sea rerouting. The port’s container throughput also sustained a double-digit drop in January
The heavily damaged, listing and leaking bulker Rubymar will be towed to either Aden or Jeddah, regardless of Houthi threats to block operations. “If we don’t tow it now it will sink,” says ship’s chartering broker
A second consecutive week of positive growth in vessels transiting the Bab el Mandeb suggests that Red Sea traffic is starting to stabilise despite continuing attacks targeting ships
Mounting insurance and salvage costs have left a funding shortfall for the UN agencies, which are unable to complete the operation until some semblance of security can be restored in the Red Sea
The Houthis twice targeted the US-flagged Torm Thor on Saturday as the US and UK forces carried out another round of air strikes against the militants. USS Mason intercepted the first missile launched at the Torm tanker, while a second one landed in the water hours later, US Central Command said
The week in charts: US ghost ship in Novorossiysk | Falls in Red Sea ship traffic stabilise | Record US-Europe crude flows | Ship recycling sector bogged down
Marad tanker scrapped in 2021 pings AIS from Russian port, feeder boxships fill void of larger tonnage in the Red Sea, and high freight rates across all sectors sees owners shy away from recycling ageing ships
CMA CGM sent at least one vessel through the Bab el Mandeb over the weekend. Another has shut off its AIS tracker, while a third is scheduled later this week
Costs for taking the long route around the Cape of Good Hope are higher. But it is unclear why surcharges appear much higher than actual costs
All set! This article has been sent to firstname.lastname@example.org.
All fields are required. For multiple recipients, separate email addresses with a semicolon.
Please Note: Only individuals with an active subscription will be able to access the full article. All other readers will be directed to the abstract and would need to subscribe.