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

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

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

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

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

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

U.S. military strikes another Houthi target in Yemen identified as unsafe for Red Sea ships – National

The U.S. military early Saturday struck another Houthi-controlled site in Yemen that it had determined was putting commercial vessels in the Red Sea at risk, a day after the U.S. and Britain launched multiple airstrikes targeting Houthi rebels. Associated Press journalists in Sanaa, Yemen’s capital, heard one loud explosion. U.S. Central Command said the “follow-on action” … Read more

Yemen strikes are ‘consequences’ of Houthi Red Sea attacks, Canada says – National

Strikes against Houthi targets by the United States and the United Kingdom in Yemen are the “consequences” of the rebel group’s attacks in the Red Sea, Canada says. Canada joined Australia, Bahrain and the Netherlands in providing support for the strikes. Foreign Affairs Minister Melanie Joly and Defence Minister Bill Blair said in a statement Friday … Read more

U.S. Strikes On Yemen Draw Bipartisan Pushback In Congress

President Joe Biden’s decision to launch airstrikes against Iran-backed Houthi militias in Yemen in response to their attacks on international shipping drew bipartisan pushback in Congress, with lawmakers on both sides of the aisle demanding he first seek approval amid fears of a broader war escalating in the Middle East. “The Constitution requires that if … Read more

Who are the Houthis? Iran-backed group thrust into global spotlight

SANA’A, YEMEN – DECEMBER 03: Members of the Houthi-run Military Special Forces guard during a funeral procession of Houthi fighters at Al-Sha’ab Mosque on December 03, 2023 in Sana’a, Yemen. (Photo by Mohammed Hamoud/Getty Images) Mohammed Hamoud | Getty Images News | Getty Images U.S. and U.K. forces have carried out airstrikes against Houthi rebel … Read more