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Vessel owned until recently by US private equity group Oaktree Capital is latest to be hit in Gulf of Aden
Rival offer by GXO almost certain to succeed after French company withdraws
Missile attacks aimed at Israeli, US and British vessels sailing near Yemen expose flag and ownership ambiguities
Iran-backed group still poses threat to Red Sea shipping despite enduring weeks of missile strikes
GXO proposal comes after board had recommended shareholders accept improved bid from CMA CGM
French group suffers Q4 losses as weak demand and lower freight rates last year bite
Maritime body fears resurgence of vessel seizures in Gulf of Guinea and off Somali coast after fresh piracy incidents
Move includes billions of dollars to replace container cranes amid concerns hackers could disrupt supply chains
Carriers are turning up on the wrong days because of scheduling problems arising from Red Sea crisis, says sector chief
Attack on bulk carrier follows US report that rebel movement now has submarine drone in its arsenal
Norway’s Wallenius Wilhelmsen is the biggest participant in a corner of the industry enjoying strong demand
Also in this newsletter: Trump ahead of Biden on economy, UK jobs data still unreliable, ‘quiet hiring’
Attacks by US and UK forces have curtailed but not eliminated risks to marine traffic from militants in Yemen
Operators ditch ‘slow steaming’ to compensate for longer journey around the Cape of Good Hope
World’s second-largest container shipping group says industry is confronting oversupply
Houthi rebels are highly unlikely to be able to inflict global economic pain
The latest Houthi attack — on a vessel working for Trafigura — has tightened fuel tanker and oil products markets
Some traders have threatened legal action and sought to alter contract terms so ship owners take the cheaper, faster route
Iran-backed group targets vessel carrying oil products for commodities company Trafigura
History tells us that entrusting a dominant military force with the stability of maritime commerce can stir up trouble
Vessels advertise their Beijing connections to avert Houthi attacks that have driven away rivals
January PMIs show ‘renewed momentum’ despite price pressures from Red Sea crisis
Asia-to-Europe trade route had already been squeezed because of a lack of car carriers before Houthi attacks began
Also in this newsletter: The argument for a ban on industrial goods transiting through Russia
Rerouting of container ships has disrupted supply chains, increasing travel times and transport costs
International Edition