Impact of Red Sea crisis on trade will be seen in FY25, says think tank
[ad_1] New Delhi: The Red Sea crisis has become a major threat to global trade and its impact on trade volumes will become visible in FY25, according to a report…
Ships entering Yemeni waters must obtain permit, Houthi minister says – Times of India
[ad_1] CAIRO: Ships will have to obtain a permit from Yemen’s Houthi-controlled Maritime Affairs Authority before entering Yemeni waters, Houthi Telecommunications minister Misfer Al-Numair said on Monday.Houthi militants have repeatedly…
Houthi militants hit US vessel with missile in Gulf of Aden
[ad_1] Houthi militants hit a US-owned commercial vessel with an anti-ship ballistic missile on Monday, underscoring warnings that the world’s most important trade artery remains too risky for navigation. The…
Why the Houthi attacks in the Red Sea are worrisome
[ad_1] The snowballing crisis in the Red Sea is threatening to disrupt an already fragile global supply chain, as shippers begin to avoid one of the world’s busiest trade routes.…
Red Sea attacks force ships to reroute, hitting supply – Times of India
[ad_1] DUBAI: Attacks by Yemen’s Iran-aligned Houthi militants on ships in the Red Sea are disrupting maritime trade and prompting US efforts to build a coalition to deal with the…