Sun, Jan 28, 2024
The Global Trade Research Initiative (GTRI) said companies relying on just-in-time manufacturing processes can be particularly vulnerable as they maintain low inventory levels and depend on the timely arrival of components and finished products.
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Thu, Jan 18, 2024
Red Sea Attack: The Red Sea has now turned red like its name, the US has conducted a surgical strike on Houthi positions. Because of this the ship has changed its route and this has further increased its expenses.
Sun, Jan 14, 2024
The U.S. and Britain launched dozens of air strikes against Houthi military targets overnight on January 11 and 12 in retaliation for the attacks, widening regional conflict stemming from Israel's war in Gaza.
Sat, Jan 06, 2024
This conflict could also result in increased shipping costs (40-60 per cent) and delays due to rerouting (up to 20 days more), higher insurance premiums (15-20 per cent), and potential cargo loss from piracy and attacks.
Fri, Jan 05, 2024
Problems continue in the Red Sea, freight rates increased 3 times #What is the impact on shipping companies? See complete details in this video
Thu, Jan 04, 2024
The data shows that crude imports and lifting indications from major Middle Eastern suppliers, particularly Iraq and Saudi Arabia, have witnessed an upswing in the fourth quarter and are expected to continue into Q1 2024.
Tue, Jan 02, 2024
President Abdi said as part of the agreement, Ethiopia would also be the first country to recognise Somaliland as an independent nation in due course.
Thu, Dec 28, 2023
Media reports said that Brent crude futures inched up 10 cents, or 0.1 per cent, to $79.75 a barrel by 0424 GMT, while U.S. WTI crude futures were trading 5 cents lower at $74.06 a barrel.
Wed, Dec 27, 2023
German container shipping group Hapag-Lloyd (HLAG.DE) will decide on Wednesday whether to resume journeys through the Red Sea, a spokesperson said.
Mon, Dec 18, 2023
The Liberian-flagged MSC Palatium III was attacked on Friday with a drone in the Bab al-Mandab Strait off Yemen, at the southern end of the Red Sea, according to the Houthis.
Mon, Jul 30, 2018
Oil prices were mixed on Monday with U.S. benchmark WTI nudging higher after four weeks of declines, while Brent began the week lower as the fallout from trade tensions weighed on markets.
Tue, Apr 11, 2017
Officials of Saudi Arabia have explored investment opportunities with firms including BP and Chevron to help develop its gas reserves.
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