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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
French group is still sending some vessels through Suez Canal when accompanied by French navy
New partnership from next year comes as industry grapples with disruption from terror attacks in the Red Sea
Volvo Cars joins companies affected by delivery hold-ups as Yemeni group targets shipping route
French shipping group’s plan to find new areas of revenue thwarted by North American routes setback
Missile attack on commercial vessel the most significant since US-led strikes against Yemeni militants
While immediate economic hit from crisis is limited, concerns of spillover from of a broader conflict are growing
Joe Biden says action is response to ‘unprecedented’ attacks by Iran-backed militia on ships in the Red Sea
Mix of sea and air favoured to avert delays on Asia-Europe routes while limiting costs
Move close to crude chokepoint comes as Tehran-backed rebels menace vessels in Red Sea
International Edition