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Shipping Giant to Avoid Red Sea for ‘Foreseeable Future’

Shipping giant Maersk said on Friday it would no longer use the Red Sea and Suez Canal “for the time being” and would divert all ships around Africa following attacks on commercial ships by Yemeni rebels. Danish companies cited a highly volatile situation and noted that security risks remain high. “We have therefore decided that […]

Houthi drone ship explodes in Red Sea as US steps up warnings

A drone boat laden with explosives launched from a part of Yemen controlled by Iranian-backed Houthi rebels came within “few miles” of a U.S. Navy and commercial ship in the Red Sea on Thursday, the Pentagon said. , then exploded. The explosion of the unmanned surface vessel (USV), which had sailed 80 miles from Yemen […]

The cavalry is coming to save red states from themselves

On June 1, 2018, my wife, daughter, and I decamped from Los Angeles to Nashville, Tennessee. That was enough. The once semi-gorgeous Hollywood Hills home didn't seem so glamorous anymore, with homeless people trudging down Mulholland Drive every morning, making walking the dog a dangerous experience. Nor is it a particularly enlightening experience to drive […]

US-led coalition issues warning to Houthis, vows ‘consequences’ for Red Sea attacks

A 13-nation coalition led by the United States on Wednesday issued a warning to Iran-backed Houthi rebels in Yemen, vowing serious consequences if the group continues its attacks in the Red Sea. The United States was joined in Wednesday's statement by the United Kingdom, Australia, Bahrain, Belgium, Canada, Denmark, Germany, Italy, Japan, the Netherlands and […]

Maersk pauses operations in Red Sea indefinitely after weekend Houthi attack

Freitos CEO Zvi Schreiber shares his thoughts on the Red Sea attack navigation and how some ships are changing course on “The Craman Countdown.” Shipping giant Maersk said on Tuesday it would suspend operations in the Red Sea “until further notice” following renewed attacks last weekend by Iranian-backed Houthi rebels in Yemen. “We have decided […]

Shipping giant Maersk pauses operations through Red Sea again after Houthi attack

Danish shipping giant Maersk is once again suspending operations in the Red Sea following an attack on one of its ships by Iranian-backed Houthi rebels on Sunday. Maersk said on Tuesday. recommendation It announced it would suspend Red Sea navigation until further notice and continue to direct ships to Africa and the Cape of Good […]

Oil prices up after US strikes back at Houthis in Red Sea

Let. Lt. Col. Daniel Davis unravels the geopolitical threats in the Red Sea and Gaza Strip in the Evening Edit. Oil prices rose nearly 2% at the start of the year, due to concerns about supply disruptions caused by ongoing conflicts in the Middle East, as well as strong holiday demand and expectations for economic […]