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☆ Houthi rebels say they've fired a new 'homemade hypersonic missile,' posting footage of its launch at a civilian ship
▼ + stars: | 2024-06-27 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

Read previewYemen's Houthi rebel group said on Wednesday that it targeted a Liberian-flagged ship in the Arabian Sea with a "homemade hypersonic missile," saying it unveiled the weapon for the first time. Houthis posted footage of the missileHouthi-linked channels posted footage of the purported launch, calling the missile the "Hatem-2" or "Hadim-2." AFP via Getty ImagesIs the 'Hatem-2' really a homemade hypersonic missile? Notably, Yemen's latest launch occurred as the USS Dwight D. Eisenhower Carrier Strike Group left the region on Saturday after defending the area for about eight months. It is due to be replaced by the USS Theodore Roosevelt Carrier Strike Group.

Persons: —, Yahya Sare'e, Sare'e, MSC Sarah V, Houthis, Hatem, SARAH V, Saddam Hussein's, Yemen's, Dwight D, Theodore Roosevelt Carrier, Roosevelt Organizations: Service, Liberian, Business, MSC, Kingdom Maritime Trade Operations, British Royal Navy, Yemeni Military Industrialization Corporation, United Nations, AFP, Getty, Tel Aviv . Naval, US, Eisenhower Carrier Strike Group, Theodore Roosevelt Carrier Strike Locations: Greek, Israel, Abu Dhabi, Persian, Iran, Tehran, Saddam Hussein's Iraq, China, Palestine, Red, Gaza, Tel Aviv, Yemen, South Korea

☆ Footage appears to show deadly Houthi sea drone strike on cargo ship in the Red Sea
▼ + stars: | 2024-06-22 | by ( Cameron Manley | ) www.businessinsider.com time to read: +3 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewFootage released by Yemen's Houthi rebels appears to show the militant group attacking a cargo ship in the Red Sea with sea drones. The MV Tutor is the second ship that the Houthis have successfully sunk this year. The British-owned Rubymar also sank in the Red Sea after it was struck by a missile fired by the group.

Persons: —, Yemen's Houthi, Dwight D, John Kirby, CENTCOM, Rubymar, Bryan Clark, Navy submariner Organizations: Service, Business, UK's Maritime Trade Operations Center, Liberian, UK's Royal Navy, US Navy, Eisenhower Carrier Strike Group, White, US Central Command, U.S, Navy, Hudson Institute, Associated Press Locations: Iranian, Philippines, Yemen, U.S, British, Red, Aden, Israel, Gaza, Africa

☆ Newly discovered 3,300-year-old shipwreck ‘changes the understanding’ of sailing in ancient world
▼ + stars: | 2024-06-21 | by ( Catherine Nicholls | ) edition.cnn.com time to read: +2 min

CNN —A 3,300-year-old ship has been discovered at the bottom of the Mediterranean Sea, making it one of the oldest shipwrecks ever discovered and rewriting our understanding of sailing in the ancient world, according to the Israel Antiquities Authority. The vessel is estimated to be from the 13th or 14th century BCE, the authority said in a statement. Emil Eljam/Israel Antiquities AuthorityDuring the survey, an “unusual sight of what seemed to be a large cluster of urns” was discovered, Bahartan said. “This is the first and earliest shipwreck discovered to date in the deep sea in the eastern Mediterranean,” he said. “The ship that has just been discovered changes the understanding of sailing in the ancient world,” Sharvit said.

Persons: Karnit Bahartan, Emil Eljam, Bahartan, Energean, Jay, Jeanie, Yaakov Sharvit, ”, Sharvit, ” Sharvit Organizations: CNN, Israel Antiquities Authority, Authority, Campus, Maritime Archeology Unit Locations: London, Israel, Jerusalem

☆ Red Sea crisis: The shipping industry is sounding the alarm as another vessel sinks
▼ + stars: | 2024-06-20 | by ( Hanna Ziady | ) edition.cnn.com time to read: +4 min

London CNN —Leading shipping groups have urged governments “with influence” to put a stop to Houthi attacks on vessels in the Red Sea after a second freighter sank this week. The latest sinking is likely to have led to another death, according to a statement Wednesday from more than a dozen shipping associations, including the International Chamber of Shipping and the World Shipping Council. The longer diversion around the southern tip of Africa has sent shipping costs soaring and is causing congestion at ports in Asia and Europe, threatening to scramble global supply chains. We call for states with influence in the region to safeguard our innocent seafarers and for the swift de-escalation of the situation in the Red Sea,” they added. “Houthi attacks continue to make the Red Sea unsafe, and increases in charter activity and rates indicate carriers expect congestion to remain a factor for some time,” he added.

Persons: ”, “, Hapag Lloyd, Judah Levine Organizations: London CNN, International Chamber of Shipping, World Shipping Council, Maritime Trade, Royal Navy, Shipping, Maersk, Drewry, Carriers Locations: Red, Africa, Asia, Europe, ., Yemen, Gaza, Suez, London, Red Sea, Singapore, Malaysia, Shanghai, China, Barcelona, Spain

☆ Houthi attacks in the Red Sea: Ship attacked by Iran-backed rebels believed to have sunk
▼ + stars: | 2024-06-19 | by ( Niamh Kennedy | Michael Rios | ) edition.cnn.com time to read: +2 min

CNN —A Greek-owned coal carrier appears to have capsized in the Red Sea days after it was struck by Iranian-backed Houthi rebels, according to a report published by the UK Maritime Trade Operations (UKMTO). The MV Tutor is thought to be the second ship sunk by Houthis since March, when the British-registered vessel Rubymar was downed after being struck by ballistic missiles fired from Houthi territory in Yemen. The rebels have launched dozens of missile and drone attacks directed at ships in the Red Sea and Gulf of Aden since Israel launched its invasion of Gaza following the Hamas-led October 7 attacks. Israeli attacks in Gaza have since killed at least 37,396 Palestinians and injured another 85,523 people, according to the Ministry of Health there. Dozens of ships have been attacked in the Red Sea, as regional tensions flare over Israel's war in Gaza.

Persons: Christian Domarique, Sta Rosa, “, Al Masirah, CENTCOM Organizations: CNN, UK Maritime Trade Operations, Hamas, Ministry of Health, Getty, US Central Command Locations: Red, Iranian, British, Yemen, Gulf of Aden, Israel, Gaza, Metro Manila, AFP

☆ Video shows the Houthis attack a merchant ship with a naval drone seemingly disguised as a slow fishing boat
▼ + stars: | 2024-06-17 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

Read previewNew video footage appears to show the moments before a Houthi naval drone — seemingly disguised as a slow-moving fishing boat — struck a commercial vessel in the Red Sea last week. AdvertisementFootage showing the Moments right before as well as right after the Liberian-Flagged, Greek-Owned Bulk Cargo Ship, M/V Tutor was Struck on June 10th by a Houthi One-Way Surface Attack Drone while Transiting the Southern Red Sea. US Central Command said the ship "remains in the Red Sea and is slowly taking on water." AdvertisementSailors from the Dwight D. Eisenhower Carrier Strike Group assist distressed mariners rescued from the M/V Tutor on June 15, 2024. Last week's attack marked the Houthis' first successful USV strike since they began targeting shipping lanes in the Red Sea and Gulf of Aden last fall.

Persons: —, Dwight D, Eisenhower, Marc Miguez, Houthis Organizations: Service, Wednesday, Business, Liberian, United Kingdom Maritime Trade Operations, British Royal Navy, Cargo, Sea, Armed Security, Central Command, US Navy, Navy, Eisenhower Carrier Strike Group, US Naval Forces Central Command, . 5th, Eisenhower Carrier Strike Locations: Red, Iran, Gulf, Aden, Iranian, Gulf of Aden

☆ US Navy warships are stuck in a Red Sea battle they can't fight forever
▼ + stars: | 2024-06-15 | by ( Jake Epstein | ) www.businessinsider.com time to read: +11 min

Components of the Dwight D. Eisenhower Carrier Group steam in formation with the Italian navy in the Red Sea on June 7. A fighter jet parks on the deck of the USS Dwight D. Eisenhower in the Red Sea on June 11. Elements of the Eisenhower strike group have already left the Red Sea once to be rearmed and resupplied, and the Pentagon recently extended its monthslong deployment for a second time. A fighter jet is launched from the USS Dwight D. Eisenhower during a strike against Houthi military targets in Yemen on Feb. 3. A commercial ship in the Red Sea in March.

Persons: —, they've, Dwight D, Navy Carlos Del Toro, What's, Eisenhower, Bernat, National Intelligence Avril Haines, Joseph Votel, John Kirby, Jorge LeBaron, Haines, Biden, Brian Finucane, Finucane, Votel, Mohammed Hamoud, That's, Nadimi Organizations: Service, US Navy, Business, Washington, Eisenhower Carrier Group, Eisenhower Carrier Strike, Ike, Navy, Pentagon, US Central Command, AP, National Intelligence, White House National Security Council, BI, Handout, US, Crisis, US State Department, Screengrab, Ministry of Defense, Defense Intelligence Agency, Galaxy Leader, The Washington Institute for Near East Locations: Gulf of Aden, Yemen, Saudi Arabia, Israel, Western, Africa, Gaza, Persian, Bab, Red

☆ Civilian mariner remains missing 2 days after Houthi militants struck cargo ship in Red Sea
▼ + stars: | 2024-06-14 | by ( Mary Kay Mallonee | Avery Lotz | ) edition.cnn.com time to read: +3 min

CNN —US forces launched successful attacks late this week on Houthi radars that helped facilitate the Iranian-backed group’s ongoing assaults on ships in the Red Sea, according to US Central Command. The cargo ship is still in the Red Sea and is taking on water, CENTCOM said. But despite efforts to weaken Houthi weapon supplies, Red Sea assaults from the Iranian-backed group have persisted. On Thursday, Iran-backed Houthi militants struck another cargo ship, the M/V Verbena, in two separate missile attacks in the Gulf of Aden, severely injuring a civilian mariner and causing fires on board, according to CENTCOM. “This continued malign and reckless behavior by the Iranian-backed Houthis threatens regional stability and endangers the lives of mariners across the Red Sea and Gulf of Aden.

Persons: CENTCOM, “, Verbena, Houthis, ” CENTCOM Organizations: CNN, US, US Central Command, Liberian, USS, UK Maritime Trade Locations: Red, Houthi, Yemen, USS Philippine, Gulf of Aden, Iran, Gulf, Aden, Polish, Iranian, Gaza, United States

☆ The Houthis just scored their first drone boat hit on a Red Sea ship
▼ + stars: | 2024-06-12 | by ( Jake Epstein | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe Houthis used an uncrewed surface vessel to strike a commercial ship in the Red Sea on Wednesday, the US military revealed. In a follow-on update, it said the ship reported being hit "for a second time by an unknown airborne projectile," and "military authorities are assisting." Since the fall, the rebels have used these weapons to hit a number of commercial vessels. Over the weekend, the Houthis hit two commercial vessels in the Gulf of Aden with anti-ship missiles.

Persons: —, that's Organizations: Service, Business, Liberian, US, Command, United Kingdom Maritime Trade Operations, British Royal Navy, Pentagon, US Navy Locations: Iran, Gulf of Aden, Yemen, Red, Gulf, Aden

☆ 2 cargo ships caught fire after being hit by projectiles in suspected Houthi attacks off the coast of Yemen
▼ + stars: | 2024-06-09 | by ( Cameron Manley | ) www.businessinsider.com time to read: +4 min

Read previewTwo cargo ships traveling off Yemen's southern port city of Aden caught fire after being hit by projectiles suspected to have been fired by Houthi rebels, UK maritime agencies reported. Suspicion for the attack fell on Yemen's Houthi rebels, who have not claimed responsibility for the latest attack but have been targeting shipping in the area for several months with missiles and drones. AdvertisementThe British security firm Ambrey later said a cargo vessel from Antigua and Barbuda had been hit by a missile 83 nautical miles southeast of Aden. "The master reports that the vessel was hit by an unknown projectile on the aft section, which resulted in a fire. On Monday, the Houthi rebels said they had fired a new solid-fuel missile called the "Palestine" at the southern Israeli city of Eilat on Monday.

Persons: —, Houthi, Sundayit, Yemen's, Ambrey, UKMTO, we're, Stéphane Dujarric Organizations: Service, United Kingdom Maritime Trade Operations, UK's Royal Navy, Business, Reuters, Command, Reuters Houthis, Shipping, US Navy, UN, Unicef, Food, Unesco, Bloomberg Locations: Aden, UKMTO, Antigua, Barbuda, Yemen, Israel, Gaza, Africa, Palestine, Eilat, Monday, New York

☆ Dakhla Atlantic Port: How a small, windy city could become a gateway for trade
▼ + stars: | 2024-05-28 | by ( Nell Lewis | ) edition.cnn.com time to read: +4 min

Spanning 1,650 hectares, the complex will include a trade port with an oil terminal, a fishing port and a shipyard. “We’re constructing an ecosystem,” Nisrine Iouzzi, the director of construction for the Dakhla Atlantic Port, tells CNN. Gateway to AfricaThe project is part of Morocco’s national port strategy, which aims to modernize and strengthen port infrastructure by 2030, in order to enhance its role in global supply chains. Video Ad Feedback Dakhla Atlantic Port aims to boost trade across West Africa 02:26 - Source: CNNWith the implementation of Africa’s continental free trade agreement, which aims to create a single market for goods and services, the port could encourage the processing of raw materials within the continent. “Local disputes can make developing port infrastructure and reliable logistics much more challenging,” says Mooney.

Persons: CNN —, Nisrine Iouzzi, “, ”, Mounir Houari, Houari, ” Turloch Mooney, Mooney Organizations: CNN, United, United Arab Emirates, Dakhla’s Regional Investment Center, Port, P Global Market Intelligence Locations: Western Sahara, Morocco, Tangier, Mauritania, West Africa, East, Europe, North America, South America, United Arab, Gateway, Africa, Casablanca, Tanger, Med, Agadir, West, Mali, Chad, Niger, Burkina Faso, Sahara, ”, “

☆ Raisi helicopter crash: Some in Iran claim US sanctions to blame but the truth may be more complicated
▼ + stars: | 2024-05-21 | by ( Nic Robertson | ) edition.cnn.com time to read: +5 min

CNN —Even before Iran’s army chief Mohammad Bagheri ordered an investigation into the helicopter crash that cost the Islamic Republic the lives of two of its top politicians, blame was being laid at America’s door. People mourn the death of President Ebrahim Raisi and Foreign Minister Hossein Amir-Abdollahian in a helicopter crash the previous day, at Valiasr Square, on May 20, 2024 in Tehran, Iran. The next question might be, knowing the weather was bad and having three helicopters on the journey, why put both president and foreign minister in the same aircraft? Former Foreign Minister Zarif would want the world to believe Iran’s technological core has been hollowed out by US sanctions, but that allegation too is tainted by hubris. Iran’s presidents are not idle, they need to go places.

Persons: Mohammad Bagheri, Ebrahim Raisi, Javad Zarif acidly, Abdulkadir Uraloglu, Raisi –, Hossein Amir, Abdollahian, Malek Rahmati, Mohammed Ali Alehashem –, Ilham Aliyav, Majid Saeedi, Yemen’s Houthis, AKINCI, Ali Khamenei, –, Russia –, Zarif, Raisi Organizations: CNN, Islamic, Bell, Turkish Transport, Revolutionary Guard Corps, Former Locations: Islamic Republic, America’s, United States, Iran, Vietnam, Azerbaijan, Tabriz, Tehran, Turkish, Russia, Ukraine, Turkey

☆ US and Philippine Marines train in seizing and defending key terrain near Taiwan's south coast in a show of force against China
▼ + stars: | 2024-05-16 | by ( Drew F. Lawrence | ) www.businessinsider.com time to read: +7 min

They were operating in Northern Luzon and the Batanes Islands, Philippine territory north of the mainland — key terrain for a potential conflict with China. The mission, known as maritime key terrain security operations, or MKTSO, was practice for that conflict, but had real-world implications. It was a show of force headed by elements of the Marine Corps ' newest Pacific-oriented unit: the Marine littoral regiment, or MLR. AdvertisementUS Marines prepare to load onto a UH-60 Black Hawk for the maritime key terrain security operations event at Paredes Air Station, Philippines. Malia SparksThose units were joined by a rifle company, also a joint-nation element, with the ability to seize and defend key terrain in the event of conflict.

Persons: —, Army Chinooks, Cpl, Malia Sparks, Maj, Robert Patterson, Military.com, Mark Lenzi, Lenzi, Patterson, Marine corporals Organizations: Service, Marine Corps, Business, Philippine Marines, Army, UH, Paredes Air, US Marine Corps, Philippine Marine, US Army UH, 3rd, Combat, Marines, Enhanced, US Army CH, Marine, United Locations: Taiwan, Northern Luzon, Philippine, China, Philippines, Itbayat, United States

☆ Vessel seized in Strait of Hormuz amid Iran tensions, shipping firms say
▼ + stars: | 2024-04-13 | by ( ) www.cnbc.com time to read: +2 min

A vessel has been seized by "regional authorities" between the United Arab Emirates and Iran, maritime security agencies said on Saturday, days after Iran warned it could close the area to sea traffic. UK Maritime Trade Operations (UKMTO) said the vessel had been seized 50 nautical miles (92 km) northeast of the Fujairah, an area close to the Strait of Hormuz that forms the entrance to the Gulf. Marine tracking sites said the vessel was the MSC Aries of Zodiac Maritime, an international shipping company partly owned by Israeli businessman Eyal Ofer. Reuters could not immediately confirm that and UKMTO said it could not provide more information when asked if the regional authorities were Iran and if the seized vessel was MSC Aries. The United States and Britain have carried out strikes against Houthi targets in response to the attacks on shipping.

Persons: Eyal Ofer, UKMTO, Islamic Revolutionary Guards Corps Alireza Tangsiri, Abraham, Joe Biden Organizations: United Arab, Maritime Trade Operations, ., MSC Aries, Zodiac Maritime, Zodiac, MSC, Islamic Revolutionary Guards Corps, Israel, Abraham Accords, Revolutionary Guards Locations: United Arab Emirates, Iran, Hormuz, U.S, UAE, United States, Gaza, Israel, Lebanon, Syria, Iraq, Yemen, Syria's, Damascus, Tehran, Yemen's Iran, Britain

☆ A historic and clubby group in London could face billions in claims from the Baltimore bridge collapse
▼ + stars: | 2024-03-27 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

Claims from the container ship Dali's crash into Baltimore's Key Bridge could cost insurers a lot. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . With the crash of the container ship Dali into the Francis Scott Key Bridge in Baltimore on Tuesday, insurance underwriters are updating those books as a picture of the true cost of damages emerges. Economists told Business Insider the port closure itself will cost $15 million a day in lost economic activity, with other disruptions pushing the total into the tens of millions a day. AdvertisementStill, the collapse of the Key Bridge could lead to "one of the largest claims ever to hit the marine (re)insurance market," John Miklus, the president of the American Institute of Marine Underwriters, told Insurance Business.

Persons: —, Dali, Francis Scott Key, Marcos Álvarez, Edward, doesn't, Lloyd's, John Miklus Organizations: Service, Barclays, Bloomberg, Port, Reuters, Lloyd's, American Institute of Marine Underwriters, Insurance Business Locations: London, Baltimore, Port of Baltimore, Britannia

☆ A complex and clubby group in London could face billions in claims from the Baltimore bridge collapse
▼ + stars: | 2024-03-27 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. With the crash of the container ship Dali into the Francis Scott Key Bridge in Baltimore on Tuesday, insurance underwriters are duly updating those books as a picture emerges of the true cost of damages. Economists told Business Insider the port closure itself will cost $15 million per day in lost economic activity, with other disruptions pushing the total into the tens of millions per day. All told, Barclays said insurance companies could be looking at claims as high as $3 billion as a result of the crash, Bloomberg reported. AdvertisementStill, the collapse of the Key Bridge could lead to "one of the largest claims ever to hit the marine (re)insurance market," John Miklus, president of the American Institute of Marine Underwriters, told Insurance Business.

Persons: —, Dali, Francis Scott Key, Morningstar, Marcos Alvarez, Edward Lloyd, doesn't, Lloyd's, John Miklus Organizations: Service, Business, Barclays, Bloomberg, Port, Reuters, Lloyd's, American Institute of Marine Underwriters, Insurance Business Locations: London, Baltimore, Port of Baltimore, Britannia

☆ Explosion Reported Near Ship off Yemen Coast, UKMTO Says
▼ + stars: | 2024-03-16 | by ( March | At P.M. | ) www.usnews.com time to read: +1 min

CAIRO (Reuters) - The captain of a merchant ship east of Yemen's Aden has reported an explosion near the ship, the United Kingdom Maritime Trade Operations (UKMTO) agency said early on Sunday. "No damage to the vessel has been reported and the crew are reported safe. The vessel is proceeding to its next port of call," UKMTO said in an advisory note. The ship was 85 nautical miles (157 km, 98 miles) east of Aden, in an area where Houthi militant groups often target ships they say are linked to Israel or the United States. War in Israel and Gaza View All 222 ImagesThe United States and Britain have launched strikes on Houthi targets in Yemen and redesignated the militia as a terrorist group.

Persons: UKMTO, Yemen's, Hatem Maher, Tom Hogue, Edmund Klamann Organizations: United Kingdom Maritime Trade Operations, U.S Locations: CAIRO, Yemen's Aden, Aden, Israel, United States, Africa, Gaza, Britain, Yemen, Yemeni

☆ Three dead in first fatal Houthi attack in the Red Sea
▼ + stars: | 2024-03-07 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +3 min

Three people were killed in a Houthi attack against a civilian merchant ship, U.S. authorities said, marking the first lives claimed since the Iran-backed militant group began targeting the Red Sea shipping route at the end of last year. "With great sadness, the Department of Migrant Workers (DMW) confirms the deaths of two Filipino seafarers in the most recent attack by Houthi rebels on ships plying the Red Sea and the Gulf of Aden," it said, withholding their names and identities. This is the first fatal Houthi attack since the group started maritime offensives against vessels transiting through the key Red Sea route that accounts for 12% of global traffic. On Saturday, the Belize-flagged general cargo ship Rubymar became the first casualty to sink in the Red Sea, after drifting abandoned at sea following a Houthi attack mid-February. In a separate incident earlier this week, four key telecommunications cables in the Red Sea were severed.

Persons: Centcom, Houthi, Yahya Sare'e, Rubymar Organizations: Red, U.S . Central Command, Liberian, Philippines Department of Migrant Workers, Department of Migrant Workers, Yemeni, Maritime Trade Operations, Yemeni Armed Forces, CNBC, Hamas, —, HGC Communications Locations: Iran, Barbados, Gulf, Aden, Gaza, Israel, U.S, Belize, Red

☆ Ship damaged offshore Yemen, days after a Houthi-struck vessel sank in the Red Sea
▼ + stars: | 2024-03-06 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +1 min

A merchant vessel was hit and took damage offshore of Yemen, the U.K. Maritime Trade Operations said Wednesday, days after a ship struck by Iran-backed Houthis sank in the Red Sea. The UKMTO said that the incident took place 54 nautical miles southwest of Aden, adding that the merchant vessel "suffered damage" and was being assisted by international coalition forces active regionally. Earlier, the UKMTO reported that the merchant vessel was hailed for 30 minutes by an entity declaring itself to be the "Yemeni Navy," before the ship was instructed to alter course. Vessels in the vicinity reported "a large bang, and a plume of smoke sighted," according to the UKMTO. CNBC could not independently confirm the incident or the flag and ownership of the impaired vessel.

Persons: Houthis Organizations: Maritime Trade Operations, Yemeni Navy, CNBC, U.S . Central Command Locations: Yemen, Iran, Red, Aden, Barbados, U.S, Belize

☆ Russia's Black Sea warships are 'hiding' says Ukraine navy, as sea drones spread fear
▼ + stars: | 2024-03-02 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +3 min

A Ukraine navy spokesperson said they were "fleeing to their hiding spots." AdvertisementRussian warships have been exercising cautious behavior and making unexpected U-turns, hiding from Ukraine's naval drones, said a Ukraine Navy spokesman. Recently, a group of Russian vessels approached the Bosporus Strait, only to abruptly reverse course instead of proceeding to Russian-held Crimea. Dmytro Pletenchuk, the Ukraine Navy spokesman, suggested that the ships may have been responding to perceived threats, signaling a fear of a Ukrainian attack, per Newsweek. AdvertisementRecent observations by OSINT analysts have highlighted similar maneuvers involving Russian vessels, including those subject to US sanctions.

Persons: —, Dmytro Pletenchuk, Pletenchuk, Yörük, Ukraine's, Ivan Lukashevych, Kunikov Organizations: Russia's, Service, Ukraine Navy, Newsweek, @USTreasury, SC South, Business, Pravda, Ukrainian Armed Forces Center, Strategic Communications, Ukraine's, UK's Ministry of Defence Locations: Ukraine, Russian, Crimea, Bosphorus, Sparta, Russia

☆ Battle for the Red Sea expands with U.S. strikes, EU stepping up its efforts against Houthis
▼ + stars: | 2024-02-25 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +9 min

Defense officials tell CNBC as of February 21, there have been at least 59 attacks on commercial shipping interests in the Red Sea. But the EU said the Red Sea moves reflect the need for a stronger European presence in protecting ships from Houthi attacks. Trade leaders have urged more countries to join the military effort in the Red Sea. A war of misinformation in the Red Sea crisis also continues. On February 2 in Brussels, Borrell informed Yemeni Prime Minister Bin Mubarak about the plans to launch a new EU maritime operation in the Red Sea and about its mandate.

Persons: Mason, Torm Thor, Good Hope, Peter Stano, Josep Borrell, Mark Montgomery, Sen, John McCain, Steven Lamar, Hussein, Azzi, Stano, Houthis, Borrell, Bin Mubarak, Rashad Al, Carl Bentzel, Bentzel, Tesla Organizations: European Commission, United States Central Command, Command, U.S, CNBC, European Union's Naval Force, EU, French Navy, Prosperity, Prosperity Guardian, EU Commission, Navy, Foundation, Defense of Democracies, Senate Armed, NATO, U.S . Central Command, UK, Prosperity Guardian . Trade, American Apparel and Footwear Association, Central Command, Yemeni, Presidential, Council, UN, Federal Maritime, Foreign Shipping, State Department, FMC, Walmart Locations: Aden, Iranian, Yemen, Red, Libyan Coast, Good, Somalia, European, EU, U.S, Australia, Bahrain, Canada, Denmark, Netherlands, New Zealand, Houthi, Europe, Suez, Belize, Brussels, Yemeni, United States, Egypt, Germany, Israel

☆ Middle East escalation fears spike as Houthis launch most damaging attack yet
▼ + stars: | 2024-02-20 | by ( Natasha Turak | ) www.cnbc.com time to read: +5 min

Houthi military spokesman Yahya Saree claimed the group's responsibility for the attack, calling it their most severe yet. The group claim to support Palestinian civilians amid Israel's retaliatory military campaign in the Gaza Strip. Simultaneously, fighting is raging between Israel and Hamas in the Gaza Strip with no sign of abating despite diplomatic efforts by a number of countries. INTERNATIONAL WATERS RED SEA, YEMEN - NOVEMBER 20: This handout screen grab captured from a video shows Yemen's Houthi fighters' takeover of the Galaxy Leader Cargo in the Red Sea coast off Hudaydah, on November 20, 2023 in the Red Sea, Yemen. EU foreign ministers called in a joint statement for an immediate humanitarian pause that would lead to a lasting cease-fire.

Persons: Mohammed Huwais, Yemen's, Yahya Saree, Saree, Charles Myers, CNBC's, Myers, Hungary —, Israel's, Benjamin Netanyahu, Israel, hasn't, Mohammed Abed Organizations: Hamas, Afp, Getty, U.S . Central Command, Global Advisors, SEA, Galaxy Leader Cargo, Handout, Security, Palestinian Locations: Israel, Sanaa, Gaza, Red, Belize, Gulf, Aden, Iranian, Yemen, U.S, Gulf Aden, Rafah, Gaza's, YEMEN, Red Sea, Lebanon, Iran, Beirut, Hungary

☆ Gold at one-week high as soft dollar, Middle East turmoil lift demand
▼ + stars: | 2024-02-19 | by ( ) www.cnbc.com time to read: +2 min

Gold prices rose to a nearly one-week high on Monday as a slight pullback in the U.S. dollar and escalating tensions in the Middle East lifted bullion's safe-haven appeal. Gold prices rose to a nearly one-week high on Monday as a slight pullback in the U.S. dollar and escalating tensions in the Middle East lifted bullion's safe-haven appeal. Spot gold was up 0.3% at $2,019.99 per ounce, as of 0530 GMT, hitting its highest since Feb. 13. U.S. gold futures rose 0.4% to $2,031.50 per ounce. Spot platinum dipped 0.3% to $903.04, palladium rose 0.7% to $956.66, while silver fell 1.2% to $23.12 per ounce.

Persons: Yeap Jun Rong, Wang Tao, Jun Rong, Raphael Bostic Organizations: U.S ., Maritime Trade Operations, Market, Fed Bank of Atlanta, CME Locations: Mandab, Yemen, China

☆ Houthis claim 'catastrophic' attack in Red Sea that prompted crew to abandon ship
▼ + stars: | 2024-02-19 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +4 min

The Iran-backed Houthi militant group on Sunday damaged a ship offshore Yemen, prompting its crew to abandon the vessel in the latest escalation of maritime tensions that have disrupted key trade routes in the Red Sea. Houthi militants later claimed the attack, with spokesperson Yahya Sare'e identifying the vessel as general cargo ship Rubymar and describing it as British. "The ship suffered catastrophic damage and came to a complete halt," Houthi Spokesperson Sare'e said. The hostilities have also prompted armed exchanges between Houthis and British and American forces, which have previously struck at Yemeni targets in a bid to improve maritime security. Sare'e said that the Houthis on Sunday also shot down a U.S. drone in Hodeidah.

Persons: Yahya Sare'e, Sare'e, Ice Brent, Nymex WTI Organizations: Maritime Trade Operations, CNBC, Global, Djiboutian Navy, Hamas, Maersk, Ice, U.S . Central Command, U.S . Navy, Ambrey Analytics Locations: Iran, Yemen, Red, Belize, British, U.S, Saudi, Khair, Varna, Bulgaria, Gulf, Aden, London, Gaza, Danish, Good Hope, Houthis, ., Houthi, Greece, Yemen's

☆ Red Sea attack-fueled ocean freight inflation is starting to ease on key global trade routes
▼ + stars: | 2024-02-15 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +4 min

Future Publishing | Future Publishing | Getty ImagesThe Red Sea crisis has fueled a sharp spike in ocean freight inflation over the past two months, but there are signs that upward pressure on shipping rates on key trade routes may have peaked. Shipping rates on ocean routes from Asia to the U.S. are beginning to decline, based on analysis of the latest cargo data from Xeneta, a leading ocean and air freight benchmarking platform. The reversal in ocean freight pricing comes despite a maritime threat to global commercial shipping companies that shows no signs of waning. The timing of the rate decreases could influence new contracts in negotiations between ocean freight carriers and shippers at the beginning of March. "Either way, the next few weeks is crunch time for both ocean freight carriers and shippers and could define their fortunes for the rest of 2024."

Persons: Emily Stausbøll, Stausbøll Organizations: Future Publishing, Shipping, United Kingdom Maritime Trade, CNBC, FEU, U.S ., U.S Locations: Qingdao, Shandong province, Asia, Xeneta, Europe, U.S, East Coast, West Coast, Aden, Yemen, West, East, U.S . West Coast, Covid, Africa, Suez

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