Red Sea traffic stalled in December as security uncertainty, shifting market forces and attractive Cape‑route economics kept most operators from returning despite a lull in Houthi attacks. A handful of carriers have begun cautiously testing the waters, but volatile regional politics and elevated costs continue to slow any meaningful rebound

A further two vessels were hit in attacks on Odesa last night as the conflict in the region continues to intensify

Unheralded move last week comes on two-year anniversary and may be unconnected to country’s social turmoil and escalating tension with the US

The vessel ran out of fuel and was adrift for 12 hours before it was towed to the Canary Islands

Seoul plans to support small- and medium-sized shipyards and equipment suppliers in entering the US MRO market, as well as training 2,000 MRO professionals over the next five years

The UK government appears to be emboldened by its recent role in the US seizure of Marinera, but legal guidance on boarding stateless ships has not changed and it remains a question of political will and resource, rather than legal nuance

That ‘murky’ threat will likely pertain to the Strait of Hormuz, one analyst told Lloyd’s List, which Iran has threatened to close before

Two foreign-flagged vessels were hit during the attacks, leading to the death of a Syrian national and injuries to other seafarers

Despite the worrying increase in incidents, ReCAAP chief says the threat level for maritime traffic is unchanged, with the majority of incidents relatively minor in nature

The US launched seized the US-sanctioned aframax Olina in the early hours of Friday

The X-Press Pearl bill could hit $6bn, cautions Lloyd’s Market Association marine head

A Russia-bound tanker was reportedly attacked on Wednesday while sailing off the Turkish coast in the Black Sea