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...The Gulf of Aden’s greater size makes it harder to spot and target vessels there than in the far more constrained Red Sea....
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...He said “more problem solving needs to be done” before Antwerp’s 100 per cent target can be reached....
...Elliott Management is calling for Japan’s biggest property group, Mitsui Fudosan, to launch a ¥1tn ($6.8bn) share buyback as the US activist fund targets the most prestigious end of the Tokyo stock market...
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Head of London market says disaster may produce largest maritime claim in history
...Disruption is expected to spread even as the US and allies including the UK carry out strikes on targets linked to the Houthi groups. “There appears to be no solution for now....
...The US and its naval allies maintain four to eight ships in the Red Sea and have conducted 35 strikes on Houthi targets since January....
...One shipping executive — John Wobensmith, chief executive of New York-based dry bulk company Genco Shipping — said he had not had any push back from charterers on diverting his vessels....
...This summer, diplomats at the UN’s International Maritime Organization set a target for shipping, which delivers about 90 per cent of the world’s traded goods, to achieve net zero emissions “by or around...
...It was the third round of strikes by American forces on Houthi targets in Yemen in less than a week as the US seeks to deter the rebels’ attacks on shipping in the crucial waterway....
...China’s economy grew 5.2 per cent last year, slightly higher than its official target but at a much slower pace than before the pandemic....
...The UK and the US have stepped up pressure on Houthi rebels as the Yemeni movement targets commercial vessels passing through the Red Sea, disrupting a critical maritime trade route....
...She said food inflation had come down sharply in recent months and that Coles was working with suppliers to ensure changes in input costs, such as shipping and energy, were reflected in the shelf price....
...The US struck Houthi targets in Yemen on Wednesday for the fourth time, as the Iran-backed rebel group continues its attacks on commercial shipping transiting the Red Sea....
...Meanwhile, UN member states this summer set a target for shipping to cut its dependence on fossil fuels and achieve net zero emissions “around 2050”....
...The Houthis have since extended their target list to include ships linked to the US and UK....
...Houthi officials said earlier this week that they would continue to target ships sailing close to Yemen as long as Israel continued its war on Hamas....
...Target, for example, makes no mention of “returnless refunds” on its site....
...Still, US officials have stepped up warnings that they would target Houthis directly if the maritime attacks continue....
...The Houthi rebels, who have controlled large parts of Yemen since 2014, have threatened to target any vessels heading to Israeli ports, according to S&P Global Commodity Insights....
...The US had not ruled out military action against Houthi targets if the attacks on ships continue, officials said....
...Much of the world’s commercial shipping has diverted away from the Red Sea and Suez Canal in response to the strikes, taking routes that add up to two weeks to each voyage between Asia and Europe....
...In the shipping market, the Red Sea crisis will continue to add volatility....
...“Today’s action underscores our resolve to restrict the illicit flow of funds to the Houthis, who continue to conduct dangerous attacks on international shipping and risk further destabilising the region...
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