A perfect storm sends shipping rates surging

Jul 19, 2024
Storms, both real and predicted, along with war, drought and retailers planning ahead have raised the cost of sending goods around the world.
Storms, war, drought and holiday season front-loading have all raised the cost of sending goods around the world.
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Aging oil tanker in Yemen raises concern about catastrophe in the Red Sea

Jul 23, 2020
Observers worry that the ship — a "pawn" in Yemen’s civil war — could spill its oil and affect fisheries and drinking water.
A 2019 view of the Yemeni port of Hodeida, near where the FSO Safer is moored. Observers say the ship poses risk to the area.
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