China’s Covert Support To The Houthis: A Strategic Gamble In The Red Sea
3 months, 1 week ago

China’s Covert Support To The Houthis: A Strategic Gamble In The Red Sea

ABP News  

Since late 2023, Yemen’s Houthi rebels have created significant disruption to global shipping, with their relentless attacks on commercial vessels in the Red Sea. By buying Iranian oil despite international sanctions, China is indirectly funding the Houthi rebels, who have been using these funds to disrupt Red Sea shipping lanes, affecting global trade networks. Houthi Attacks And The Impact On Global Trade The Houthis have significantly disrupted one of the world’s most vital maritime corridors, leading to a drastic 60% reduction in ship traffic through the Red Sea. Implications For China’s Global Strategy China’s involvement in the Red Sea conflict through its covert support for the Houthis has far-reaching implications for its global strategy. Continued disruptions in the Red Sea could isolate China both diplomatically and economically, threatening its manufacturing sector’s growth and its global trade routes.

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History of this topic

Unlike US, China trying to resolve, not worsen Red Sea crisis
Trending News
1 week, 2 days ago

Unlike US, China trying to resolve, not worsen Red Sea crisis

China Daily  

SONG CHEN/CHINA DAILY The United States Department of Defense said that Houthi forces in Yemen targeted two US Navy warships with multiple drones and missiles while sailing between the Red Sea and the Gulf of Aden on Nov 12. China has always believed that the fundamental solution to the Red Sea crisis lies in properly handling the Palestinian issue. For …

Unlike US, China trying to resolve, not worsen Red Sea crisis
Trending News
1 week, 2 days ago

Unlike US, China trying to resolve, not worsen Red Sea crisis

China Daily  

SONG CHEN/CHINA DAILY The United States Department of Defense said that Houthi forces in Yemen targeted two US Navy warships with multiple drones and missiles while sailing between the Red Sea and the Gulf of Aden on Nov 12. China has always believed that the fundamental solution to the Red Sea crisis lies in properly handling the Palestinian issue. For …

Chinese fishing vessel under control of alleged pirates off Somali coast, EU naval force says
2 weeks, 3 days ago

Chinese fishing vessel under control of alleged pirates off Somali coast, EU naval force says

CNN  

Hong Kong CNN — A Chinese fishing vessel off the coast of Somalia has come under the control of alleged pirates, a European Union anti-piracy force operating in the area said Thursday. The EU’s Operation Atalanta recorded 19 attacks by suspected pirates so far this year – the highest number since 2012, according to data from the force, which operates …

Yemen’s Houthi rebels launch drones and missiles at US warships near the Red Sea but do no damage
Trending News
1 month, 1 week ago

Yemen’s Houthi rebels launch drones and missiles at US warships near the Red Sea but do no damage

Live Mint  

DUBAI, United Arab Emirates — Yemen's Houthi rebels targeted two U.S. Navy warships with multiple drones and missiles as they were traveling through the Bab el-Mandeb Strait, but the attacks were not successful, the Defense Department said Tuesday. Gen. Yahya Saree in a prerecorded statement earlier Tuesday had claimed the rebels attacked two American destroyers in the Red Sea with …

Yemen’s Houthi rebels launch drones and missiles at US warships near the Red Sea but do no damage
1 month, 1 week ago

Yemen’s Houthi rebels launch drones and missiles at US warships near the Red Sea but do no damage

Associated Press  

WASHINGTON — Yemen’s Houthi rebels targeted two U.S. Navy warships with multiple drones and missiles as they were traveling through the Bab el-Mandeb Strait, but the attacks were not successful, the Defense Department said Tuesday. Gen. Yahya Saree in a prerecorded statement earlier Tuesday had claimed the rebels attacked two American destroyers in the Red Sea with ballistic missiles and …

Putin's Russia is helping Iran-backed Houthi rebels target British ships in Red Sea drone strikes by passing over crucial satellite data
1 month, 3 weeks ago

Putin's Russia is helping Iran-backed Houthi rebels target British ships in Red Sea drone strikes by passing over crucial satellite data

Daily Mail  

Russia helped Yemeni Houthi rebels attack British and Western ships in the Red Sea, defence officials believe. The moment the Panama-flagged Cordelia Moon was engulfed in flames as a massive blast ripped through its port-side tank The moment armed crewmembers tried desperately to gun the oncoming ship as it sped towards the Cordelia Moon A trio of guards aboard the …

China's Guerrilla Diplomacy: How Beijing Plays the Middle East Game
2 months ago

China's Guerrilla Diplomacy: How Beijing Plays the Middle East Game

Live Mint  

Modern China's self-interest and strategic maneuvering in the Middle East are evident in its responses to crises, including the turmoil in Yemen. While Western governments urge China to intervene, China avoids direct confrontation by playing the peacemaker, highlighting its strategic interests and the complexities of the Middle East puzzle.

Prepare for attacks, best regards, says Houthi militia’s email to Red Sea ships
2 months, 2 weeks ago

Prepare for attacks, best regards, says Houthi militia’s email to Red Sea ships

The Hindu  

On a warm spring night in Athens, shortly before midnight, a senior executive at a Greek shipping company noticed an unusual email had landed in his personal inbox. The message, which was also sent to the manager’s business email address, warned that one of the company’s vessels travelling through the Red Sea was at risk of being attacked by Yemen’s …

Suspected Yemen Houthi rebel attack targets ship in Red Sea
2 months, 3 weeks ago

Suspected Yemen Houthi rebel attack targets ship in Red Sea

The Hindu  

A suspected attack Tuesday by Yemen's Houthi rebels targeted a ship in the Red Sea, likely marking their first assault on commercial shipping in weeks as the Israel-Hamas war threatens to become a regional conflict. The attack Tuesday morning took place some 110 kilometres off the port city of Hodeida in the Red Sea, which has become a battlefield for …

Iran stages secret talks to send deadly Russian anti-ship missiles to Houthi rebels in Yemen - sparking fears Putin could be 'stoking conflict' in the region to undermine the US and ensure Trump's re-
2 months, 4 weeks ago

Iran stages secret talks to send deadly Russian anti-ship missiles to Houthi rebels in Yemen - sparking fears Putin could be 'stoking conflict' in the region to undermine the US and ensure Trump's re-

Daily Mail  

Iran has brokered secret talks between Russia and the Houthis in Yemen to transfer deadly anti-ship missiles that could be a 'game changer' for regional security and jeopardise British warships in the Gulf, sources have warned. Multiple sources told Reuters that Russia is yet to decide whether to send Yakhont missiles to the Houthis, which experts said would allow the …

Salvagers abandon effort to tow burning oil tanker in Red Sea targeted by Yemen’s Houthi rebels
3 months, 2 weeks ago

Salvagers abandon effort to tow burning oil tanker in Red Sea targeted by Yemen’s Houthi rebels

Live Mint  

DUBAI, United Arab Emirates — Salvagers abandoned an effort to tow away a burning oil tanker in the Red Sea targeted by Yemen's Houthi rebels as it “was not safe to proceed,” a European Union naval mission said Tuesday, leaving the Sounion stranded and its 1 million barrels of oil at risk of spilling. While a major spill has yet …

Salvagers abandon effort to tow burning oil tanker in the Red Sea targeted by Yemen’s Houthi rebels
3 months, 2 weeks ago

Salvagers abandon effort to tow burning oil tanker in the Red Sea targeted by Yemen’s Houthi rebels

Associated Press  

DUBAI, United Arab Emirates — Salvagers abandoned an initial effort to tow away a burning oil tanker in the Red Sea targeted by Yemen’s Houthi rebels as it “was not safe to proceed,” a European Union naval mission said Tuesday, leaving the Sounion stranded and its 1 million barrels of oil at risk of spilling. Meanwhile, there’s the threat of …

Yemen's Houthi rebels target oil tanker in the Red Sea
3 months, 2 weeks ago

Yemen's Houthi rebels target oil tanker in the Red Sea

New Indian Express  

The Blue Lagoon I is traveling south through the Red Sea to an unlisted destination. The Joint Maritime Information Center said it assessed that the ship “was targeted due to other vessels within its company structure making recent port calls in Israel.” Saree also cited that as the reason the Houthis attacked the vessel. Later on Monday morning, the British …

Crippled oil tanker in Red Sea raises fears of environmental catastrophe
3 months, 3 weeks ago

Crippled oil tanker in Red Sea raises fears of environmental catastrophe

LA Times  

This frame grab from video released by the media arm of Yemen’s Houthi rebels on Thursday shows explosions on the Greek-flagged oil tanker Sounion in the Red Sea after Houthis boarded it and set off the blasts. The Houthis said they attacked the Sounion tanker as part of their 10-month campaign to support Palestinians in the Gaza war by targeting …

Iran claims Yemen’s Houthi rebels will allow rescuers to salvage oil tanker ablaze in Red Sea
3 months, 3 weeks ago

Iran claims Yemen’s Houthi rebels will allow rescuers to salvage oil tanker ablaze in Red Sea

Associated Press  

UNITED NATIONS — Yemen’s Houthi rebels have agreed to allow tugboats and rescue ships to assist a Greek-flagged oil tanker that remains ablaze in the Red Sea “in consideration of humanitarian and environmental concerns,” Iran’s mission to the United Nations claimed late Wednesday. Last week’s attack on the Sounion marked the most serious assault in weeks by the Iranian-backed Houthi …

Red Sea crisis: The shipping industry is sounding the alarm as another vessel sinks
6 months ago

Red Sea crisis: The shipping industry is sounding the alarm as another vessel sinks

CNN  

London CNN — Leading shipping groups have urged governments “with influence” to put a stop to Houthi attacks on vessels in the Red Sea after a second freighter sank this week. Shipping costs keep rising Beyond the loss of life, the Houthi attacks have also caused severe disruption to transit through the Red Sea, which connects with the Suez Canal, …

Yemen’s Houthis say they targeted Greek-owned ship in Red Sea
6 months, 1 week ago

Yemen’s Houthis say they targeted Greek-owned ship in Red Sea

Al Jazeera  

The attack on the cargo ship caused severe flooding and damage to the engine room, but there were no reports of casualties. Yemen’s Houthi rebels have claimed responsibility for a small watercraft and missile attack that left a Greek-owned cargo ship taking water and in need of rescue near the Red Sea port of Hodeidah. “The impact of the caused …

Yemen’s Houthi rebels hit Ukrainian-owned ship in Gulf of Aden, sparking blaze, U.S. says
6 months, 1 week ago

Yemen’s Houthi rebels hit Ukrainian-owned ship in Gulf of Aden, sparking blaze, U.S. says

LA Times  

A fighter jet on the deck of the aircraft carrier USS Dwight D. Eisenhower in the Red Sea. Iran-backed Houthi rebels, who seized Yemen’s capital nearly a decade ago, have targeted shipping throughout the Red Sea corridor. The U.S. said Thursday that the Iranian-backed Houthis launched two anti-ship cruise missiles and struck a commercial ship in the Gulf of Aden …

Yemen’s Houthi rebels launch boat-borne bomb attack against Greek-owned ship in Red Sea
6 months, 1 week ago

Yemen’s Houthi rebels launch boat-borne bomb attack against Greek-owned ship in Red Sea

Associated Press  

ABOARD THE USS LABOON IN THE RED SEA — Yemen’s Houthi rebels launched a boat-borne bomb attack against a commercial ship in the Red Sea on Wednesday, authorities said, the latest escalation despite a U.S.-led campaign trying to protect the vital waterway. Associated Press journalists saw the Cole in the Red Sea on Wednesday, now taking part in the U.S. …

US seeks to block Houthi revenues in possible threat to Yemen truce: Report
6 months, 2 weeks ago

US seeks to block Houthi revenues in possible threat to Yemen truce: Report

Al Jazeera  

Latest pressure campaign comes as US says peace plan cannot move forward if Red Sea attacks persist, Bloomberg reports. An anonymous State Department official told Bloomberg that agreements tied to the UN plan can only proceed if the Houthis stop their attacks, while adding that the US still supports peace in Yemen. Banks ordered closed in Houthi territory In March …

Red Sea tensions: Yemen’s Houthis ‘attack’ US carrier after deadly strikes
6 months, 3 weeks ago

Red Sea tensions: Yemen’s Houthis ‘attack’ US carrier after deadly strikes

Al Jazeera  

Yemen’s Houthis say they have launched a missile attack on a United States aircraft carrier in the Red Sea in response to deadly US and British strikes on Yemen. Houthi military spokesperson Yahya Saree announced the attack on the Eisenhower carrier on Friday; the group earlier claimed that at least 16 people were killed in US and UK assaults on …

Welcome to the new era of global sea power
6 months, 3 weeks ago

Welcome to the new era of global sea power

Hindustan Times  

THE OCEANS matter in geopolitics once more. America and its allies are joining hands to contest China’s claims to the South China Sea and track its growing fleet of subs and ships. “If there is a war over Taiwan,” writes Lonnie Henley, a former China analyst for the Pentagon’s Defence Intelligence Agency, “an extended Chinese blockade is likely to determine …

Yemen’s Houthi rebels launch a missile that strikes an oil tanker in the Red Sea, US military says
7 months ago

Yemen’s Houthi rebels launch a missile that strikes an oil tanker in the Red Sea, US military says

Associated Press  

DUBAI, United Arab Emirates — Yemen’s Houthi rebels hit an oil tanker in the Red Sea with a ballistic missile early Saturday, damaging the Panama-flagged, Greek-owned vessel in their latest assault over the Israel-Hamas war in the Gaza Strip, officials said. Though the Houthis did not immediately claim the assault, it comes as they claimed to have shot down another …

Vessel struck in Red Sea as Houthis promise attacks on more shipping lanes
9 months, 1 week ago

Vessel struck in Red Sea as Houthis promise attacks on more shipping lanes

Al Jazeera  

Leader of Iran-aligned group says Houthis will prevent Israel-linked ships from passing through the Indian Ocean. A merchant vessel has been damaged in a missile strike in the Red Sea off Yemen, marine security monitors said, as the Iran-aligned Houthi rebels threatened to expand their attacks on shipping which have disrupted global trade. The Houthis did not immediately claim responsibility …

Red Sea crisis: Yemen's Houthis target 'US ship Pinocchio' with missiles
9 months, 1 week ago

Red Sea crisis: Yemen's Houthis target 'US ship Pinocchio' with missiles

Firstpost  

Houthis’ Red Sea attacks have disrupted global shipping, forcing firms to re-route to longer and more expensive journeys around southern Africa, and stoked fears that the Israel-Hamas war could spread to destabilise the wider Middle East. Yemen’s Iran-aligned Houthi rebels reportedly launched missiles targeting a vessel described as the “US ship Pinocchio” in the Red Sea, as stated by the …

The US should stop creating a lose-lose calamity in the Red Sea
9 months, 1 week ago

The US should stop creating a lose-lose calamity in the Red Sea

China Daily  

FILE PHOTO: A Houthi fighter stands on the Galaxy Leader cargo ship in the Red Sea in this photo released November 20, 2023. Flames Fanned Higher Instead of pressuring Israel into stopping its collective punishment of the people in Gaza and coordinating more life-saving humanitarian assistance to the enclave to end the current crisis in the Red Sea, the United …

Red Sea underwater data cables cut as Houthi attacks continue in the vital waterway
9 months, 2 weeks ago

Red Sea underwater data cables cut as Houthi attacks continue in the vital waterway

LA Times  

This undated photo released Sunday by the U.S. military’s Central Command shows the Belize-flagged vessel Rubymar sinking in the Red Sea. Three Red Sea underwater cables providing internet and telecommunications around the world have been cut as the waterway remains a target of Yemen’s Houthi rebels, officials said Monday. “The hostilities on Yemen by the British and U.S. naval military …

India and the Red Sea Imbroglio
9 months, 2 weeks ago

India and the Red Sea Imbroglio

The Diplomat  

In August 2022, given that there had been no incident of attacks on merchant shipping off the coast of Somalia since 2018, industries representing various sectors such as shipping, cargo, tanker, and insurance conveyed their position to the International Maritime Organization concerning the removal of the Indian Ocean High Risk Area, effective January 1, 2023. The Houthis are aided and …

Oil spill and fertilizer leak from sinking of cargo ship highlight risks to Red Sea from Houthi attacks
9 months, 2 weeks ago

Oil spill and fertilizer leak from sinking of cargo ship highlight risks to Red Sea from Houthi attacks

Associated Press  

MIAMI — A vibrant fishing industry, some of the world’s largest coral reefs, desalination plants supplying millions with drinking water. They’re all at risk from large amounts of fertilizer and oil spilled into the Red Sea by the sinking of a cargo ship attacked by Yemen’s Houthi rebels. That has less to do with the size of the vessel’s hazardous …

A ship earlier hit by Yemen’s Houthi rebels sinks in the Red Sea, the first vessel lost in conflict
9 months, 3 weeks ago

A ship earlier hit by Yemen’s Houthi rebels sinks in the Red Sea, the first vessel lost in conflict

Associated Press  

DUBAI, United Arab Emirates — A ship attacked by Yemen’s Houthi rebels has sunk in the Red Sea after days of taking on water, officials said Saturday, the first vessel to be fully destroyed as part of their campaign over Israel’s war against Hamas in the Gaza Strip. Yemen’s exiled government, which has been backed by a Saudi-led coalition since …

Houthis say they can reassess Red Sea attacks if Israeli 'aggression' stops
9 months, 3 weeks ago

Houthis say they can reassess Red Sea attacks if Israeli 'aggression' stops

The Hindu  

Yemen's Houthis said they could only reconsider their missile and drone attacks on international shipping in the Red Sea once Israel ends its "aggression" in the Gaza Strip on February 27. A Marshall Islands-flagged, Greek-owned bulk carrier on Tuesday reported that a missile hit the water 3 nautical miles from the ship, which was located 63 nautical miles northwest of …

Can the IMEC address the Red Sea crisis? | Explained
9 months, 3 weeks ago

Can the IMEC address the Red Sea crisis? | Explained

The Hindu  

The story so far: As the Red Sea crisis enters its fourth month, global supply chains are increasingly grappling with inflated freights, delayed vessel schedules, and product shortages. India’s trade with European and North African countries flows entirely through the Red Sea route which is almost 24% of its exports and 14% of its imports. As per the Federation of …

Is the Red Sea becoming fully militarised?
10 months ago

Is the Red Sea becoming fully militarised?

Al Jazeera  

Some major world powers are increasing their military presence in the region amid Houthi attacks and Israel’s war on Gaza. The Red Sea is one of the busiest shipping routes in the world and one that’s been a source of contention for some time. The US and UK have launched several air raids against Houthi targets in Yemen – in …

China’s Response to the Houthi Attacks in the Red Sea
10 months ago

China’s Response to the Houthi Attacks in the Red Sea

The Diplomat  

As the world’s largest trading country, China relies heavily on seaborne trade, with 95 percent of international trade conducted through sea lanes. The Red Sea’s strategic location along China’s 21st Century Maritime Silk Road makes it a natural partner for the Belt and Road Initiative, offering connectivity and trade opportunities to Africa and West Asia. Despite abstentions from Russia and …

Yemen’s Houthis claim attacks on Israeli, US ships
10 months ago

Yemen’s Houthis claim attacks on Israeli, US ships

Al Jazeera  

Houthi rebels say ships in the Red Sea and Arabian Sea are their latest maritime targets. Yemen’s Houthi rebels say they have targeted what they claim to be an Israeli cargo ship, the MSC Silver, in the Gulf of Aden near the entrance to the Red Sea with a number of missiles. Houthi military spokesperson Yahya Sarea did not elaborate, …

British ship attacked by Houthis in strait leading to Red Sea at risk of sinking
10 months ago

British ship attacked by Houthis in strait leading to Red Sea at risk of sinking

Firstpost  

A Belize-flagged British vessel, the Rubymar cargo ship was in transit through the Bab el-Mandeb Strait, which connects the Red Sea with the Gulf of Aden, came under Houthi attack, the United Kingdom Maritime Trade Operations center said The cargo ship attacked by Iran-backed Houthi terrorists in the Gulf of Aden is at risk of sinking, the group’s military spokesperson …

Canada asks Beijing to influence Houthis to keep Red Sea open
10 months ago

Canada asks Beijing to influence Houthis to keep Red Sea open

Live Mint  

Canada's Foreign Minister Melanie Joly on Sunday said China should play a role in keeping the Red Sea safe for commerce because Chinese ships are at risk there as well, and urged Beijing to stop helping Russia sidestep international sanctions. In an interview, Joly said she told China's Foreign Minister Wang Yi in a bilateral meeting on Saturday that Beijing …

Yemen rebels claim latest Red Sea vessel strike
10 months ago

Yemen rebels claim latest Red Sea vessel strike

The Hindu  

Yemen's Iran-backed Houthi rebels on February 17 claimed an attack a day earlier on an oil tanker in the Red Sea, the latest in a series of strikes which have led to retaliation by Britain and the United States. Houthi naval forces "carried out an operation targeting the British oil tanker Pollux in the Red Sea" with missiles, rebel spokesman …

Russia and China clash with US and UK over attacks on Yemen rebels for strikes on Red Sea ships
10 months, 1 week ago

Russia and China clash with US and UK over attacks on Yemen rebels for strikes on Red Sea ships

Associated Press  

UNITED NATIONS — Russia and China on Wednesday accused the United States and Britain of illegally attacking military sites used by Yemen’s Houthi rebels to launch missiles at commercial vessels in the Red Sea, disrupting global shipping. Woodward said the Houthi attacks are “driving up the costs of global shipping, including the costs of food supplies and humanitarian aid in …

Yemen peace process on hold as crisis grows in Red Sea after Houthi attacks
10 months, 1 week ago

Yemen peace process on hold as crisis grows in Red Sea after Houthi attacks

The Hindu  

As Houthi attacks roil the Red Sea and Western air raids target the rebels, moves to end Yemen’s long-running war are at a standstill, threatening further woe for a country on its knees. But Houthi attacks on Red Sea shipping and American and British retaliation have thrown the peace process “up in the air”, said Farea Al-Muslimi, a research fellow …

US conducts new airstrikes targeting Yemen’s Houthi rebels
10 months, 2 weeks ago

US conducts new airstrikes targeting Yemen’s Houthi rebels

Associated Press  

DUBAI, United Arab Emirates — The U.S. military conducted new airstrikes targeting Yemen’s Houthi rebels, officials said Friday. American forces destroyed four explosive-loaded drone boats and seven mobile anti-ship cruise missile launchers Thursday that could target vessels in the Red Sea, the U.S. military’s Central Command said. In recent weeks, the United States and the United Kingdom, backed by other …

Yemen's Houthis damage two ships in Red Sea and threaten to 'further escalate'
10 months, 2 weeks ago

Yemen's Houthis damage two ships in Red Sea and threaten to 'further escalate'

ABC  

In short: Yemen's Houthis have claimed responsibility for attacks that damaged two more vessels in the Red Sea. The US and allies last month began striking targets in Yemen in retaliation for the attacks on Red Sea shipping. Yemen's Iran-aligned Houthis say they have fired missiles at two more vessels in the Red Sea, causing damage to the ships. Morning …

Yemen’s Houthi rebels target 2 ships in Red Sea and Gulf of Aden with ballistic missiles
10 months, 2 weeks ago

Yemen’s Houthi rebels target 2 ships in Red Sea and Gulf of Aden with ballistic missiles

Associated Press  

TEL AVIV, Israel — Two ships traveling in Middle East waters were targeted by Yemen Houthi rebel ballistic missile fire early Tuesday, authorities said, in the latest assaults in the Iranian-backed fighters’ campaign of targeting vessels over Israel’s war on Hamas in the Gaza Strip. The first attack happened in the southern part of the Red Sea, west of the …

Yemen's Houthis attack two vessels in Red Sea, one sustains minor damage as tensions escalate
10 months, 2 weeks ago

Yemen's Houthis attack two vessels in Red Sea, one sustains minor damage as tensions escalate

India TV News  

Red Sea crisis: Yemen's Iran-aligned Houthis on Tuesday once again flared escalating tensions in the Middle East region by firing missiles at two vessels in the strategic Red Sea, causing minor damage to a cargo ship sailing off the coast of Yemen's Hodeidah. British maritime security firm Ambrey said the Barbados-flagged ship suffered damage from a drone while sailing through …

Defiant Houthis claim fresh Red Sea attacks on US, UK ships
10 months, 2 weeks ago

Defiant Houthis claim fresh Red Sea attacks on US, UK ships

Al Jazeera  

Latest attacks on civilian ships demonstrate the Iran-backed group’s determination to continue its campaign. The Iran-aligned armed group has stated its determination to continue the attacks despite several air strikes by the US and its allies patrolling the Red Sea. The Houthi’s military spokesman, Brigadier General Yahya Saree, confirmed the attacks on the two ships and repeated the threat to …

How have Red Sea attacks by Yemen’s Houthi fighters affected companies?
10 months, 2 weeks ago

How have Red Sea attacks by Yemen’s Houthi fighters affected companies?

Al Jazeera  

The strikes have forced ships to change route, causing major disruptions in companies’ chains of production. The world’s second-largest exporter of LNG has stopped sending tankers via the Red Sea although production continues, a senior source with direct knowledge of the matter told the Reuters news agency on January 15. FedEx: The US parcel delivery giant said on January 14 …

How escalating Red Sea crisis poses billions of dollars of risk for India
10 months, 3 weeks ago

How escalating Red Sea crisis poses billions of dollars of risk for India

Al Jazeera  

Houthi attacks on the Red Sea have forced shippers to avoid one of the world’s most crucial trade routes. Exporting Basmati from India has become a challenge for shippers as freight costs have shot up as high as five times with an increase in insurance premiums, shortage of containers and longer transit time, said, Vijay Kumar Setia, director of Chaman …

Attacks on ships in the Red Sea are disrupting global trade. Here’s how it could affect what you buy
10 months, 3 weeks ago

Attacks on ships in the Red Sea are disrupting global trade. Here’s how it could affect what you buy

Associated Press  

WASHINGTON — Car factories have idled in Belgium and Germany. “What’s happened right now is short-term chaos, and chaos leads to increased costs,” said Ryan Petersen, CEO of the supply chain management company Flexport. Chief executive Stuart Machin said the Red Sea trouble was “impacting everyone and something we’re very focused on.” Roughly 20% of the clothes and shoes imported …

'Tell the Houthis to show restraint': China presses Iran to rein in rebel attacks in Red Sea
10 months, 3 weeks ago

'Tell the Houthis to show restraint': China presses Iran to rein in rebel attacks in Red Sea

Firstpost  

Chinese authorities have reportedly urged Iranian officials to intervene and mitigate assaults on vessels in the Red Sea by the Iran-backed Houthis, cautioning that failure to do so could adversely affect business ties with Beijing, Reuters quoted four Iranian sources and a diplomat familiar with the issue as saying. According to four Iranian sources, Chinese authorities refrained from issuing explicit …

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