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Stories Tagged as

Red sea

A perfect storm sends shipping rates surging

by Sabri Ben-Achour
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.
Getty Images
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Despite problems in the Red Sea and Panama Canal, shipping costs are falling

by Justin Ho
Feb 19, 2024
Carriers are figuring out how to reduce risk and deal with disruptions caused by the Houthis' attacks and low water levels in shipping lanes.
The international shipping industry appears to have been able to manage the risks posed by recent disruptions.
Martin Bernetti/AFP via Getty Images
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As war and drought throttle supply chains, importers reopen pandemic playbooks

by Justin Ho
Jan 29, 2024
Firms that import goods are returning to pandemic-era strategies to brace their businesses against delays and higher shipping costs.
Because of ongoing delays, some importers are stocking up on goods and passing along price hikes.
Justin Sullivan/Getty Images
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Israel-Hamas War

Shipping rates rise as Red Sea attacks continue

by Samantha Fields
Jan 17, 2024
The attacks on ships by Houthi rebels are forcing expensive detours and more costly insurance for ships.
Roughly a third of global shipping usually passes through the Suez Canal and the Red Sea.
Sayed Hassan/Getty Images
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The United Nations has a new fundraising strategy: you

by Daniel Ackerman
May 10, 2023
The intergovernmental group’s crowdfunding campaign aims to avert a potential environmental disaster in the Red Sea.
The United Nations logo. The organization hopes the public will provide part of the $129 million it needs to avert a potential environmental disaster in the Red Sea.
Ludovic Marin/AFP via Getty Images
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Aging oil tanker in Yemen raises concern about catastrophe in the Red Sea

by Daniel Ackerman
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.
AFP via Getty Images
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