Now playing Next Yemen Commercial ship damaged in suspected Houthi attack in the Red Sea The private security firm Ambrey identified the ship involved as a Liberia-flagged container ship bound for Qingdao, China. 23/06/2024
Now playing Next Business European ports turned into car parks as EV makers hunt buyers Sales of electric cars in Europe are relatively low, but it is just one reason why the vehicles are piling up in Europe's major ports. 15/05/2024
Now playing Next Green News How much damage is ‘scrubber water’ doing to Europe’s Baltic Sea? Shipping companies have recouped the cost of ‘scrubber’ tech and are now benefiting from dirtier fuel, researchers have revealed. 09/05/2024
Now playing Next Climate El Niño blamed for drought that snarled Panama Canal Low rainfall saw the Panama Canal Authority restrict the number and size of ships passing through the canal. 01/05/2024
Now playing Next Europe News Shipping firms plead for UN help amid escalating Middle East conflict The world's shipping industry has called on the United Nations to provide military protection for vessels operating in the Middle East after the latest seizure of a container ship by Iran, although much commercial traffic between Asia and Europe has already been re-routed around Africa. 19/04/2024
Now playing Next USA US Coast Guard allows some barges and tugs to pass through the channel The owner and manager of the container ship that crashed into a supporting column one week ago are taking legal action to limit liability. 02/04/2024
Now playing Next Scenes Watch: Sailcargo Inc. making waves in the shipping industry in Costa Rica IN PARTNERSHIP WITH MEDIA CITY It's all hands on deck as Sailcargo Inc. helps move shipbuilding towards a sustainable future. 01/04/2024
Now playing Next Economy How could Baltimore's bridge collapse impact global supply chains? Baltimore’s bridge accident could lead to automobile supply chain delays for several companies including Nissan, Ford and Jaguar Land Rover, among others. 27/03/2024
Now playing Next Green News Member states back exempting shipping from EU microplastic rules Environment ministers argue that responsibility should fall under the scope of the International Maritime Organisation (IMO). 26/03/2024
Now playing Next Climate Why is transport the ‘problem child’ of Europe’s climate efforts? Aviation emissions have doubled in the last 30 years - faster than any other transport sector. 20/03/2024
Now playing Next Green News Lawmakers agree tougher standards to tackle marine pollution Satellite monitoring is a key aspect of the bill meant to prevent spills in the sea. 16/02/2024
Now playing Next Yemen Euroviews. The Houthis are the epitome of 21st-century non-state actors The Houthi resistance against a coalition of regional and even far-off powers has only fueled their reputation, transforming them from a marginalised local group to an influential regional actor, Hafed Al-Ghwell writes. 25/01/2024
Now playing Next Economy Red Sea shipping disruptions could further fuel inflation, EBRD warns Prices are likely to soar as the main route for one-tenth of the global seaborne trade is under constant fire. 16/01/2024
Now playing Next Business Euroviews. The Red Sea conflict may see Europe's economic concerns heighten All the goods and merchandise travelling by container will not only reach their destination late but prices will now reflect increased costs. This will mean higher prices on shelves which, in turn, will lead to an overall increase in inflation, Osama Rizvi writes. 15/01/2024
Now playing Next Economy Red Sea trade route still months away from safety, says Maersk boss Trade in the Red Sea has significantly reduced ever since the start of the Houthi conflict and could still be several months away from returning to normal levels. 12/01/2024
Now playing Next Yemen UN condemns Houthi rebel attacks on Red Sea shipping A new resolution demands Houthis stop their attacks immediately, saying they impede global commerce, undermine shipping freedoms and regional peace and security. 11/01/2024
Now playing Next Markets Will shipping stocks rally caused by Red Sea woes last? Shares of major European maritime shippers such as Maersk and Hapag-Lloyd have substantially surged in value due to Red Sea disruptions, with increased costs passed on as higher freight rates. Goldman Sachs and J.P Morgan analysts discuss whether this trend is likely to last. 04/01/2024
Now playing Next Business Shipping giant Maersk prepares to restart operations in Red Sea Denmark's Maersk, like several other shipping companies, had paused Red Sea journeys due to Houthi attacks in the area. 26/12/2023
Now playing Next Business BP pauses oil cargo on Red Sea as missile attacks affect global trade Global trade is suffering a major setback from missile attacks in the Red Sea, where 10% of the world's seaborne trade passes through. 18/12/2023
Now playing Next Yemen Shipping companies abandon Red Sea routes over Houthi attacks The decision comes as a British destroyer shoots down a 'suspected attack drone' in the ocean which lies between Asia and Africa. 16/12/2023