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2024-07-09 17:53 UTCRevenues of Egypt's Suez Canal drop by 57.2 pct due to Red Sea tension
The Suez Canal, a vital artery for global trade, has faced a significant downturn in transit receipts in the first quarter of 2024, and according to a statement released Monday by the Central Bank of Egypt (CBE), the canal's transit receipts plummeted by 57.2 percent, amounting to 959.3 million U.S. dollars. This sharp decline highlights the challenges facing this crucial maritime route.- yemen
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2024-06-18 17:33 UTCUK Maritime Office Reports Two Explosions Near Vessel Off Yemen's Coast
In a recent incident underscoring the escalating maritime tensions in the Red Sea, a commercial vessel reported two explosions nearby while sailing 40 nautical miles south of al Mukha, Yemen. According to a statement from the United Kingdom Maritime Trade Operations (UKMTO), the vessel and its crew were unharmed and have continued their journey to the next port of call. Authorities are currently investigating the incident.- ship
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2024-05-31 18:14 UTCShip takes on water after being attacked twice in Red Sea
In a dramatic escalation of maritime conflict in the Red Sea, the Greek-owned bulk carrier Laax has sustained significant damage after being struck by three missiles off the coast of Yemen, as reported by maritime security firm Ambrey on Tuesday.- yemen
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2024-04-29 18:18 UTCEscalating Tensions: Missile Attack Damages Crude Oil Tanker off Yemeni Coast
In the latest episode of escalating tensions in the volatile region, a crude oil tanker fell victim to a missile attack off the coast of Yemen. The assailants, identified as the Houthis, targeted the Panama-flagged vessel approximately 15 nautical miles southwest of the Yemeni city of Mocha.
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