Higher shipping costs loom as Red Sea route suspended
The suspension of Red Sea routes by major shipping lines because of the continued attacks of Iran-backed Houthi rebels in Yemen is expected to result in higher shipping rates and delay the trade of goods which may affect exporters from ecozones, the Philippine Economic Zone Authority said yesterday......»»
Shipping giant warns of global transport disruptions
Maersk has put customers on notice that risks in the Red Sea may persist for months Danish shipping major AP Moller-Maersk has warned of significant disruptions to the global shipping network due to the elevated risk of attacks in the Red Sea. "While we hope for a sustainabl.....»»
Baltimore bridge collapse could lead to delayed shipments, higher shipping costs
The closure of the Port of Baltimore in the US following the collapse of the Baltimore key bridge is expected to lead to shipment delays and higher shipping costs......»»
Government tackling high construction costs
The Government is focused on reducing sky-high construction costs to make it more affordable to build a home, Building and Construction Minister Chris Penk says. Stats NZ data shows the cost of building a house has increased by 41 per cent since 2019, making housing even more unaffordable for Kiwi families."Further analysis shows building costs are consistently higher.....»»
US strikes Houthi anti-ship missiles, shipping disruptions grow
The anti-ship missiles targeted in the strikes were being prepared by Yemen's Houthis for firing into the Red Sea and deemed 'an imminent threat' to shipping and US Navy vessels in the region, says the US military.....»»
Suspected Houthi attack: Missile hits ship in Red Sea, crew reportedly safe
DUBAI, United Arab Emirates — A suspected attack by Yemen’s Houthi rebels struck a ship in the Red Sea early Friday, causing damage to the vessel, authorities said. The attack off the port city of Hodeida comes as part of the rebels’ campaign against shipping over Israel’s ongoing war on Hamas in the Gaza Strip......»»
‘Higher NAIA passenger fees loom upon private takeover’
Filipinos should brace for higher passenger service charges of as much as 95 percent at the Ninoy Aquino International Airport when its management goes to the hands of a private group......»»
Xinhua Asia-Pacific news summary at 1600 GMT, March 31
JAKARTA -- The authorities of Indonesia's Batam Island officially started on Sunday the operation of direct shipment from Batuampar Port to China's Guangzhou and Shenzhen to boost trade between the two countries. The direct shipping service was initiated by Persero Batam and the Batam Concession Agency in collaboration with SITC International Holdings, a Hong Kong-based shipping logistics company. (Indonesia-Chi.....»»
Manila-based shipping firm eyes resumption of Davao-Lupon ferry services
DAVAO CITY (MindaNews/February 20) – A Metro Manila-based shipbuilding company is eyeing to resume the Davao City – Lupon, Davao Oriental ferry boat operation in October, a City Council official said Tuesday. Councilor Conrado Baluran, Committee of Transportation and Communications chair, said that shipping firm Pinoy Catamaran proposed the possibility of servicing the stalled ferry […].....»»
EDITORIAL - Red carpet, not red tape
The economic team faces a challenging task: replace red tape with a red carpet for investments......»»
DFA backs Magna Carta for Seafarers
The Department of Foreign Affairs has expressed support for the enactment of the proposed Magna Carta of Filipino Seafarers, as the maritime industry grapples with security risks sparked by missile attacks by Yemen-based Houthi rebels on shipping in the Gulf of Aden and the Red Sea......»»
Hunting Down Houthi Missiles and Drones: A Daily Challenge for U.S. Carrier Pilots
Title: US Pilots Safeguard Commercial Shipping in the Red Sea Amidst Houthi Threat US pilots on board the USS Eisenhower are adapting their high-tech training.....»»
Red Sea crisis exposing EU energy weakness - FT
Diesel prices have jumped amid fears of disruptions in supply to the bloc, according to the outlet The surge in global diesel prices to an almost three-month high amid shipping disruptions is threatening to test the resilience of EU economies, the Financial Times reported on Wednesday. The rising p.....»»
NZ support for strikes against Houthis
Foreign Minister Winston Peters and Defence Minister Judith Collins KC today expressed New Zealand support for strikes against Houthi targets in Yemen threatening commercial shipping in the Red Sea."Today's strikes support international security and trade, on which New Zealanders rely," Foreign Minister Winston Peters said. "Nearly 15 per cent of global trade flows thr.....»»
US Reveals Second Wave of Strikes on Houthis, Braces for Reprisals
U.S. and British officials are expressing optimism a day after the two countries unleashed what is now being described as two waves of strikes against Houthi positions in Yemen, retaliation for weeks of Houthi attacks that have disrupted shipping and damaged vessels transiting the Red Sea and Gulf of Aden.A U.S. defense official told VOA Friday that the initial assessment indicates the first wave of precision st.....»»
US Strikes Another Houthi Site in Yemen
The U.S. military carried out an additional strike early Saturday against Houthi positions in Yemen in an effort to protect shipping in the Red Sea, according to U.S. media reports.News organizations citing anonymous sources said the latest strike targeted a radar site that officials said presented a continuing threat to maritime traffic.The strike came a little more than a day after the U.S. and British.....»»
US Reveals Second Wave of Strikes on Houthis, Braces for Reprisals
U.S. and British officials are expressing optimism a day after the two countries unleashed what is now being described as two waves of strikes against Houthi positions in Yemen, retaliation for weeks of Houthi attacks that have disrupted shipping and damaged vessels transiting the Red Sea and Gulf of Aden.A U.S. defense official told VOA Friday that the initial assessment indicates the first wave of precision st.....»»
US Strikes Another Houthi Site in Yemen
The U.S. military carried out an additional strike early Saturday against Houthi positions in Yemen in an effort to protect shipping in the Red Sea, according to U.S. media reports.News organizations citing anonymous sources said the latest strike targeted a radar site that officials said presented a continuing threat to maritime traffic.The strike came a little more than a day after the U.S. and British.....»»
India s responsibility to look at such situations in neighbourhood: Jaishankar on Red Sea tensions
Ahmedabad (Gujarat) [India], April 2 (ANI): External Affairs Minister S Jaishankar said that two things are currently happening in the Red Sea, which includes attacks on ships through drones and missiles as well as pirates of Somalia taking over the ship. Jaishankar stated that it is the responsibility of India to look at such situations in the neighbourhood and how to tackle them in cooperation with other nations. While.....»»
Red Sea, Gulf of Aden eyed as warlike zones
Amid escalating conflict and the recent death of two Filipino seafarers in a Houthi rebel missile attack, the Philippine government is strongly pushing for the declaration of the Southern Red Sea and Gulf of Aden as a warlike zone......»»
US-Led Coalition Shoots Down 15 Yemen Rebel Drones, CENTCOM Says
Dubai, UAE - U.S. and allied forces shot down 15 one-way attack drones fired by Iran-backed Yemeni rebels into the Red Sea and Gulf of Aden on Saturday, the U.S. military said.Shortly afterwards, the rebels claimed the attack, saying they had fired missiles at an 'American' commercial ship and launched drones at U.S. warships in 'the Red Sea and Gulf of Aden.'It was one of the Houthi's largest attacks sin.....»»