Red Sea Crisis

Shipping cost keeps upward trend as Red Sea Crisis lingers

Shafiur Rahman, regional operations manager of G-Star in Bangladesh, needs to send 6,146 pieces of denim trousers weighing 4,404 kilogrammes from a Gazipur-based garment factory to Amsterdam of the Netherlands.

Impact of Red Sea crisis still 'moderate': WTO chief economist

Attacks by Yemeni rebels on commercial ships in the Red Sea have had only a "moderate" impact on global trade, Ralph Ossa, the World Trade Organization's chief economist told AFP.

India's small exporters reel as Red Sea crisis helps rivals nab business

Even before the crisis, India's exporters very thin profit margins were between 3% to 7%

Analysis / Oil investors are adrift in Red Sea rip currents

Weak demand so far has kept oil prices stable amid the Red Sea crisis, but it could change

Red Sea container shipping down 30% over attacks: IMF

Container shipping through the Red Sea has dropped by nearly one-third this year as attacks by Yemen's Huthi rebels continue

RMG shipping cost climbs for Red Sea diversion

International clothing retailers and brands are still choosing seaways, instead of air, to carry goods from Bangladesh to Europe although the rerouting of ships away from the Red Sea has increased the freight charge by more than 30 percent and added 15 days to the sailing time.

Geopolitical implications of the brewing tension in the Red Sea

The historical Shia-Sunni rift gives another dimension to the tension in the Middle East.

Analysis / Red Sea oil tension may revive Russia-Saudi spat

The ongoing Red Sea crisis can potentially revive Russia-Saudi oil tensions, according to a Reuters analysis

Europe, Africa crude market tightens on Red Sea disruptions, China demand

Crude oil market in Europe and Africa are reacting to Red Sea crisis by tightening the market

January 3, 2024
January 3, 2024

Shipping firms react to Houthi attacks in the Red Sea

Top shipping companies are taking measures like route suspensions to tackle the Red Sea crisis

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