Red Sea Crisis

Shipping cost keeps upward trend as Red Sea Crisis lingers

Shafiur Rahman, regional operations manager of G-Star in Bangladesh, needs to send 6,146 pieces of denim trousers weighing 4,404 kilogrammes from a Gazipur-based garment factory to Amsterdam of the Netherlands.

Impact of Red Sea crisis still 'moderate': WTO chief economist

Attacks by Yemeni rebels on commercial ships in the Red Sea have had only a "moderate" impact on global trade, Ralph Ossa, the World Trade Organization's chief economist told AFP.

India's small exporters reel as Red Sea crisis helps rivals nab business

Even before the crisis, India's exporters very thin profit margins were between 3% to 7%

Analysis / Oil investors are adrift in Red Sea rip currents

Weak demand so far has kept oil prices stable amid the Red Sea crisis, but it could change

Red Sea container shipping down 30% over attacks: IMF

Container shipping through the Red Sea has dropped by nearly one-third this year as attacks by Yemen's Huthi rebels continue

RMG shipping cost climbs for Red Sea diversion

International clothing retailers and brands are still choosing seaways, instead of air, to carry goods from Bangladesh to Europe although the rerouting of ships away from the Red Sea has increased the freight charge by more than 30 percent and added 15 days to the sailing time.

Geopolitical implications of the brewing tension in the Red Sea

The historical Shia-Sunni rift gives another dimension to the tension in the Middle East.

Analysis / Red Sea oil tension may revive Russia-Saudi spat

The ongoing Red Sea crisis can potentially revive Russia-Saudi oil tensions, according to a Reuters analysis

Europe, Africa crude market tightens on Red Sea disruptions, China demand

Crude oil market in Europe and Africa are reacting to Red Sea crisis by tightening the market

January 17, 2024
January 17, 2024

Lingering Red Sea crisis pushes up trade costs for Bangladesh

The Red Sea crisis is affecting Bangladesh's international trade as costs have increased

January 16, 2024
January 16, 2024

Red Sea attack fears disrupt global trade patterns

Escalating tensions at the Red Sea is disrupting well established trade patterns

January 13, 2024
January 13, 2024

Container rates soar on concerns of prolonged Red Sea disruption, inflation

Container prices are soaring on the back of US and UK air strikes on Yemen

January 10, 2024
January 10, 2024

Red Sea attacks: retailers rush to avoid delays to spring collections

Retailers worldwide are racing against the clock to stock up on goods to avoid inventory shortage

January 9, 2024
January 9, 2024

Oil tankers continue Red Sea movements despite Houthi attacks

Despite attacks by Houthi militants, tanker traffic in the Red Sea was stable in December, according to a Reuters Analysis

January 7, 2024
January 7, 2024

What does it mean for Bangladesh?

Increase in shipping time and cost is expected as the fallout from Red Sea crisis deepens

January 6, 2024
January 6, 2024

Maersk says to avoid Red Sea for foreseeable future

Maersk will divert all vessels around Africa instead of using the Red Sea and Suez Canal for the "foreseeable future"

January 6, 2024
January 6, 2024

Global maritime trade sails into geopolitical storm

International shipping companies are re-routing and even suspending routes to tackle various geopolitical factors

January 4, 2024
January 4, 2024

Ocean cargo rates climb after new Red Sea ship attacks

Long and slow rerouting, or even suspension has caused cargo rates to climb higher

January 3, 2024
January 3, 2024

Shipping costs jump as Red Sea impasse lingers

The Red Sea crisis is causing Bangladeshi exporters and importers to pay higher freight charges to the US and Europe

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