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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.

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.

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.

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.

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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.

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.

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.

Yemen

Yemen's Houthi rebels seize Israeli-linked cargo ship in Red Sea

They took over two dozen crew members hostage and raised fears that regional tensions are heightening over the Israel Hamas war

World News

Labour abuses, including slavery, found on European fishing vessels

Research by a Washington DC-based organisation which tracks illicit money flows has found that tens of thousands of workers every year on these boats are estimated to be trapped in unsafe conditions.

Business

Maersk to slash 10,000 jobs over difficult container trade environment

Maersk, the world’s biggest shipping company, plans to eliminate 10,000 jobs due to what it described as a challenging environment for container trade and logistics services.

Ecotech

World’s ‘first green container ship’ christened in Denmark

Denmark launches the world’s ‘first green container ship’ but clean methanol still has cost and safety issues.

Earth News

Panama Canal drought could disrupt Christmas shipping

The Panama Canal depends on rainwater to move vessels through a series of locks connecting the Atlantic and Pacific oceans.

Climate

Did an undersea volcano eruption impact this summer’s heatwaves?

Scientists agree that human-caused climate change is by far the biggest cause - but what else is at play?

Netherlands

Burning cargo ship towed to safe place to avoid ecological disaster

One crew member was killed and several others wounded in the fire which broke out last week.

Ocean Calls

Ocean Calls podcast: How should the sea sound?

In partnership with The European Commission

In this episode, we listen to experts discussing underwater noise in all its forms. We hear what a happy coral reef sounds like, how Russia's war in Ukraine is hurting dolphins’ ears, and why slowing down ships could drastically change underwater acoustics.

Earth News

Drought forces Panama Canal to limit shipping traffic

A lack of rainfall has seen water levels drop in the two artificial lakes that supply the canal.

Nature

'Shouting' dolphins reveal the impact of human noise pollution

The study has implications for the impact of noise produced by wind farms, shipping and sonar on marine mammals.

United Kingdom

Cargo ship beached after colliding with vessel in bay of Gibraltar

A government spokesperson said that the situation was under control and that no one was injured in the collision.

Germany

Shipping traffic briefly halted on Rhine as cargo vessel breaks down

The blockage occurred at a time when ships are already facing record low water levels on the river amid a drought.

Mobility

Hello, delivery robot: How drones could transform shipping

Drones have the potential to reshape last-mile delivery, reducing the environmental impact of shipping and reaching more remote areas.