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Hapag-Lloyd Says Hormuz Closure Cost $600 Million
The German shipping giant says rerouting vessels and higher fuel, insurance, storage and inland transport costs hit its second-quarter earnings.
HAMBURG, GERMANY — WEB DESK:...
Yemen’s Houthis Deny Plans to Charge Commercial Ships Transit Fees in the Red Sea
The Houthi-run Humanitarian Operations Coordination Center says safe-passage services remain voluntary and free, rejecting reports of a proposed shipping fee.
SANAA, Yemen — WEB DESK:...
Iran IRGC Stops Four Ships in Strait of Hormuz
Iran's Revolutionary Guards said four vessels changed course after being intercepted while attempting to transit the Strait of Hormuz through what Tehran described as...
Pakistan Warns Houthi Threats to Its Ships Will Be Treated as Security Risk
Pakistan has strongly condemned threats by Yemen's Houthi movement against Saudi Arabia and commercial shipping in the Red Sea, warning that any threat to...
Iran Urges Houthis to Close Bab al-Mandab if US Strikes Grid
Iran has reportedly instructed Yemen's Houthi movement to be prepared to close the Bab al-Mandab Strait if the United States launches an attack on...