Tag: Red Sea

Shipping companies to add surcharges o Europe, American bound containers
Maritime News

Shipping companies to add surcharges to Europe, American bound containers

Leading container companies have announced plans to impose additional fees to cover the costs of rerouting their vessels in reaction to recent attacks on ships in the Red Sea and threats from the Houthi rebel organization in Yemen. According to Businessday, these surcharges have been implemented by major shipping lines, such as Maersk, CMA CGM, […]

Monthly petrol import drops by 990m litres - Minister
Business

Oil prices surge following Red Sea attacks

Oil prices shot up three per cent Monday as more companies suspended shipping through the Red Sea following attacks on vessels by Yemen’s Iran-backed Huthi rebels. US stocks meanwhile sought to continue last week’s rally on expectations that the US Federal Reserve will cut interest rates next year, though it appears to have lost steam […]