Biden says allied action hasn’t yet stopped Red Sea ship attacks by Houthis – National

Biden says allied action hasn’t yet stopped Red Sea ship attacks by Houthis – National

U.S. forces on Thursday conducted a fifth strike against Iranian-backed Houthi rebel military sites in Yemen as President Joe Biden acknowledged that the American and British bombardment had yet to stop the militants’ attacks on vessels in the Red Sea that have disrupted global shipping. The latest strikes destroyed two Houthi anti-ship missiles that “were … Read more

Top CEOs fear that volatile supply chains are now just the new normal

Top CEOs fear that volatile supply chains are now just the new normal

The Ebba Maersk container ship, operated by A.P. Moeller-Maersk A/S, leaves Suez port and heads towards the Red Sea after passing through the Suez Canal in Suez, Egypt on Saturday, April 6, 2013.  Kristian Helgesen | Bloomberg | Getty Images DAVOS, Switzerland — Top CEOs are closely following tensions in the Red Sea, warning that … Read more

U.S. to re-list Houthis as terrorists as Canada weighs doing same – National

U.S. to re-list Houthis as terrorists as Canada weighs doing same – National

The United States on Wednesday said it will once again designate the Houthi movement of Yemen, also known as Ansaralla, as a terrorist group. This comes after the U.S. targeted the rebels in a third airstrike, following the group’s attacks on shipping vessels in the Red Sea and the Gulf of Aden. The designation will … Read more

Biden designates Houthis terrorist group, as U.S. ramps up Red Sea counterstrikes

Biden designates Houthis terrorist group, as U.S. ramps up Red Sea counterstrikes

Houthi supporters hold up rifles as they rally to protest the killing of Saleh al-Samad, a senior Houthi official, by a Saudi-led coalition air strike in Hodeidah, Yemen April 25, 2018. Abduljabbar Zeyad | Reuters The U.S. State Department on Wednesday designated the Iranian-backed, Yemen-based Houthi rebels as specially designated global terrorists, or SDGTs, in … Read more

Air freight rates to rise as shippers enter survival mode

Air freight rates to rise as shippers enter survival mode

DHL Cargo planes are unloaded at Halle-Leipzig Airport on February 28, 2014 in Leipzig, Germany. The soon to-be-expanded hub handles 2,000 tons of cargo, or 100,000 parcels and documents every business day. Up to 60 cargo planes land every weeknight. Marco Prosch | Getty Images The Houthi attacks in the Red Sea are not only … Read more

Red Sea troubles could end shipping recession as freight rates spike

Red Sea troubles could end shipping recession as freight rates spike

The Maersk Sentosa container ship sails southbound to exit the Suez Canal in Suez, Egypt, on Thursday, Dec. 21, 2023. Stringer | Bloomberg | Getty Images Vessels transiting the Red Sea have faced attacks over the past several weeks from Yemen-based Houthis, prompting shipping companies to change routes, leading to a spike in freight rates. … Read more

Qatar pauses Red Sea tankers after Western strikes on Houthis

Qatar pauses Red Sea tankers after Western strikes on Houthis

DOHA/WASHINGTON: Qatar’s state energy company, one of the world’s biggest liquefied natural gas exporters, has paused sending tankers through the Red Sea after U.S.-led strikes against Houthi militants in Yemen targeting the crucial trade route. Attacks on ships by the Houthis, who say they are acting in solidarity with Palestinians, have disrupted global commerce and … Read more

Vessel off the coast of Yemen struck by missile, UK says

Vessel off the coast of Yemen struck by missile, UK says

Men stand near a billboard bearing the image of a commercial ship with the flag of Israel as it is burning after Yemen’s Houthi-affiliated naval forces struck it, at a street on January 10, 2024 in Sana’a, Yemen. Mohammed Hamoud | Getty Images A vessel off the coast of Yemen on Monday reported it had … Read more

US Navy Shoots Down Houthi Missile Launched From Yemen

US Navy Shoots Down Houthi Missile Launched From Yemen

There were no injuries or damage reported in the latest incident. (Representational) WASHINGTON: A United States fighter aircraft shot down an anti-ship cruise missile fired from Yemen’s Houthi controlled areas towards a US destroyer operating in the Southern Red Sea, the US military said on Sunday. The midair interception is the latest incident in the Red … Read more

Houthi response to Yemen airstrikes may be ‘limited,’ ex-U.S. envoy says – National

Houthi response to Yemen airstrikes may be ‘limited,’ ex-U.S. envoy says – National

The risk of further escalation after the United States and Britain launched airstrikes on Houthi targets in Yemen in response to the Iran-backed rebel group’s attacks on ships in the Red Sea may be limited, a former U.S. diplomat says. Frank Lowenstein, who served as the U.S. special envoy for Middle East peace during the … Read more