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...When Houthi rebels started attacking ships in the Red Sea last year, the company stuck with the route longer than competitors because its vessels were escorted by the French navy....
...“While I understand Tehran has continued to deny the vessel’s involvement in the current situation, it’s a difficult circle to square,” he said....
...The boss of shipping giant AP Møller-Maersk has warned it could take months to reopen the crucial Red Sea trading route, risking an economic and inflationary hit to the global economy, companies and consumers...
...The expansion by big Chinese firms, collectively known as the “red circle” in counterpoint to London’s legal “magic circle”, comes as some international rivals retreat from the mainland and Hong Kong amid...
...Vincent Clerc, chief executive of Denmark’s AP Møller-Maersk, said there was no sign of tensions easing after attacks by Houthi rebels in Yemen caused container shipping companies to divert their vessels...
...The Red Sea is a key route for sending internet traffic between the Middle East, Africa, Asia and Europe via undersea cables, which transport 99 per cent of intercontinental data....
...Many shipping companies have switched to that longer route to avoid Houthi attacks on the approaches to the Suez Canal in the Red Sea and Gulf of Aden....
...The Red Sea crisis has caused a surge in costs for container shipping companies, France’s CMA CGM has warned, as it flagged a volatile and unpredictable year ahead after sliding into a fourth-quarter loss...
...Car-carrier companies operate a total of 776 ships for cars, trucks and other roll-on, roll-off cargo such as agricultural machinery....
...That seems to be the strategy adopted by big container shipping companies....
...At the centre of the storm is Red Bull team principal Christian Horner....
...Transport secretary Mark Harper met the French company’s chief executive Henri Poupart-Lafarge in the UK capital on Tuesday to discuss an order for 10 new Elizabeth Line trains for Transport for London....
...Rodolphe Saadé, owner and chair of the Marseille-based company, said the CMA CGM’s schedules were being hit because of rerouting, delays waiting for Red Sea passage and build-ups at ports....
...Daniel Richards, a director at London-based maritime consultancy MSI, said delays at the ports could force some companies to hold extra stock....
...Demand to move goods from Asia to Europe by rail via Russia has soared since the start of the Red Sea crisis, according to logistics companies and rail operators, boosting the finances of the country’s state-owned...
...Yemeni rebels are the latest ill wind to hit, causing disruption in the Red Sea with attacks on ships....
...Jacqueline Smith Maritime Coordinator The International Transport Workers’ FederationLondon SE1, UK...
...Many shipping companies have since December diverted sailings away from the Red Sea and Suez Canal to routes to avoid attacks by Yemen’s Houthi rebels....
...The group has launched 99 attacks in the Red Sea and surrounding waters — affecting 15 commercial ships, including four American vessels — since October....
...The extra distance meant a further headache for carmakers as his company would be able to transport fewer vehicles annually than if they were using the Red Sea....
...Container ships are the main means of worldwide transport for finished and semi-finished goods....
...sufficient security to allow companies like his to return to the Red Sea route....
...The increased emissions are a result of vessels being rerouted because of the attacks by Yemen’s Houthis on commercial ships in the Red Sea and Gulf of Aden....
...Attacks by Iranian-backed Houthi rebels on container ships navigating the Red Sea stopped the westward flow of presents this Christmas....
...US and UK air strikes have reduced the risk to vessels from attacks by Yemen’s Houthis in the Red Sea but there is little prospect of many shipping companies making a swift return to the Suez Canal, security...
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