UK reporting agency says five boats containing armed personnel were probably deterred from an attack by coalition forces
Naval alliance prepares to hit back at Houthis as attacks keep coming Read More »
US heeds shipping’s calls to step up security measures by announcing ‘Operation Prosperity Guardian’
US launches anti-Houthi naval alliance to protect Red Sea shipping Read More »
Deal would create combined fleet of 224 ships and newbuildings
Pan Ocean parent Harim to buy HMM in $4.9bn deal to form South Korean shipping giant Read More »
Higher cost of shipping to Israel after Houthi attacks is pushing up the cost of shipping elsewhere
Container rates to rally as Hapag-Lloyd joins carriers rerouting vessels away from Suez Read More »
Nicolas Reynard has taken the reins at family investment company Merit
Saade family rings in the changes as fortune dips to $18.6bn Read More »