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Tag: Suez

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Ships Face Growing Threat From Somali Pirates, EU Warns

The threat to merchant shipping from Somali piracy is increasing, with four groups potentially operating on the country’s coastline, the EU said. “Utmost vigilance is...

Italian Navy Destroyer Caio Duilio Shoots Down Two More Drones In Red Sea

The Anti-Air Warfare Destroyer of the Marina Militare engaged and shot down two more aerial drones in the Red Sea. Few days after shooting down...

Houthi Minister Says Ships Entering Yemeni Waters Must Obtain Permit

Commercial 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...

Rearming US Navy ships at sea is no longer an option, but a necessity

One simple step can “revolutionize surface warfare,” as U.S. Navy Secretary Carlos Del Toro put it at the latest naval conference WEST in San...

Shipping Giant CMA CGM Posts a Loss as Red Sea Conflict Rages

CMA CGM SA, the world’s third-largest container line, posted its first quarterly loss in four years as the shipping industry struggles with the conflict...

Supply Chain Predictions for 2024

2023 was a whirlwind year for the supply chain industry. Countless challenges – from natural disasters to global conflict – forced leaders to reevaluate...

BriefCASE: Navigating the Red Sea crisis, an automotive industry perspective

Geopolitical tensions and Yemen-based Houthi militant attacks in the Red Sea and Gulf of Aden are exposing the vulnerability of global trade to regional conflicts, leading...

Brent crude tiptoes toward $80 a barrel as Middle East worries lift oil prices

Oil futures rose early Thursday, with Brent crude edging back up toward the $80-a-barrel threshold after Israel rejected a Hamas offer for a cease-fire...

Above the Fold: Supply Chain Logistics News (February 2, 2024)

There is a butterfly in my neck.It’s been keeping me up at night, feeding off me, and making me anxious. It’s the beginning of a...

The Price of Diesel in Europe Is Being Boosted by Red Sea Shipping Chaos

Attacks by Houthi militants on merchant shipping are boosting the price of diesel fuel in Europe.Since the start of 2024, the wholesale cost of...

UPS to Cut 12,000 Jobs, Bring Workers in Five Days a Week

United Parcel Service Inc. plans to cut 12,000 jobs and explore the sale of its Coyote truck brokerage business in moves CEO Carol Tomé...

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