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☆ The Houthis are getting smarter with their Red Sea attacks, and the ships sailing these waters are paying the price
▼ + stars: | 2024-06-29 | by ( Jake Epstein | ) www.businessinsider.com time to read: +10 min

'A useful disguise' for the HouthisBetween December and March, Houthi attacks damaged at least 19 commercial ships, according to a June 13 report published by the Defense Intelligence Agency. US Central Command via AP, FileThe following weeks saw a decrease in the pace of successful Houthi attacks. AdvertisementYemen's Houthi group released a video showing an explosive-laden drone boat target a commercial vessel earlier this month. AdvertisementDouble taps and drone boatsBeyond the recent double-tap strikes, the Houthis' ability to learn from past attacks is visible in their drone boat operations. In this photo released by the French military, the MV Tutor sinks in the Red Sea after it was struck by a Houthi drone boat.

Persons: —, Archer Macy, Behshad, Houthis, Brian Carter, Ambrey, Carter, they're, des, they'll, Macy, they've, Alex Stark, John Kirby, Kirby, Yemen —, Dwight D, Theodore Roosevelt Carrier, Stark Organizations: Service, Business, US Navy, Defense Intelligence Agency, US military's Central Command, US, Command, AP, Military Times, American Enterprise, Houthi Media, Getty, des Armées, AP Experts, Center for Strategic, Studies ' Missile Defense, RAND Corporation, National Security, Eisenhower, Eisenhower Carrier Strike, Theodore Roosevelt Carrier Strike Group Locations: Gulf of Aden, Iran, Iranian, Yemen, Tehran, Israel, Gulf, Aden, Ukraine, Russian, Red, France, Sanaa

☆ 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

☆ New US sanctions take aim at Iran's 'sprawling' network of shadow banks fueling Russian and Houthi operations
▼ + stars: | 2024-06-26 | by ( Filip De Mott | ) www.businessinsider.com time to read: +1 min

The US Treasury sanctioned nearly 50 entities tied to an Iranian shadow-banking network. The Treasury says these firms conceal revenue used by Iran's military to support Houthi and Russian operations. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIran's "sprawling" shadow-banking network has fallen into the crosshairs of the US Treasury Department, which sanctioned close to 50 entities and individuals tied to these lenders. In a Tuesday announcement, the department described a web of exchange houses and foreign cover companies that are concealing revenue gained by Iran's military, as well as the Islamic Revolutionary Guard Corps.

Persons: — Organizations: US Treasury, Treasury, Service, US Treasury Department, Islamic Revolutionary Guard Corps, Business Locations: Iranian, Iran, Russia, Ukraine

☆ The world’s future energy wars will be fought under the sea
▼ + stars: | 2024-06-26 | by ( Angela Dewan | ) edition.cnn.com time to read: +12 min

The technology to store renewable energy for long periods hasn’t quite been mastered, either. The interconnector would send renewable energy both east and west, taking advantage of the sun’s diurnal journey across the sky. The transatlantic interconnector is still a proposal, but networks of green energy cables are starting to sprawl across the world’s sea beds. They are fast becoming part of a global climate solution, transmitting large amounts of renewable energy to countries struggling to make the green transition alone. Not all of them carry renewable power exclusively — that’s sometimes determined by what makes up each country’s energy grid — but new ones are typically being built for a green energy future.

Persons: there’s, ”, Simon Ludlam, “ We’ve, we’ve, Fadel Senna, Paul Ellis, Biden, Laurent Segalen, Energy’s Ludlam, “, you’ve, you’re, Trump, Dmitry Peskov, George Dyson, Dyson, Morten Kruger, Frank Schneider, Alberto Rizzi, ” Rizzi Organizations: London CNN, Etchea Energy, Getty, Burbo, Sun Cable, Initiative, NATO, European Council, Foreign Relations, United, European Union Locations: New York, California, Britain, Europe, North America, Canada, France, East Coast, United States, Paris, Belgium, Norway, Netherlands, Denmark, Morocco, Moroccan, Ouarzazate, AFP, English, New Brighton, Australia, Singapore, India, Saudi Arabia, Asia, East, Beijing, London, Russia, China, Germany, Ukraine, Finland, Sweden, Baltic, Western Europe, North, Russian, Aqaba, Jordan, Taba, Egypt, Red, America, EU

☆ The US Navy's turning to its third carrier strike group as its warships react to Middle East conflicts with no end in sight
▼ + stars: | 2024-06-26 | by ( Jake Epstein | ) www.businessinsider.com time to read: +7 min

The USS Theodore Roosevelt Carrier Strike Group is currently in South Korea, but it will soon depart for the US Central Command area of responsibility. US Navy photo via APA carrier strike group is a naval formation that includes a carrier, its air wing, and several other warships such as cruisers and destroyers. Eisenhower strike groupThe Dwight D. Eisenhower Carrier Strike Group first deployed to the Eastern Mediterranean in October, bringing in more firepower alongside the Ford. Roosevelt strike groupSlated to replace the Eisenhower is the USS Theodore Roosevelt Carrier Strike Group. As for the other crises, the incoming Roosevelt carrier strike group has its work cut out for it.

Persons: —, Theodore Roosevelt Carrier, Gerald R, Ford refuels, Arleigh Burke, Thomas Hudner, Ramage, USS Carney, Roosevelt, Carney, Eisenhower, Dwight D, Ike, Theodore Roosevelt, Kyung, Maj, Pat Ryder, Ryder, Israel Organizations: Service, US Navy, Theodore Roosevelt Carrier Strike, US Central Command, CSG, Business, Pentagon, Ford Carrier Strike Group, AP, Ford, Ticonderoga, Eisenhower Carrier Strike Group, Eisenhower, British, European Command Locations: —, Gaza, South Korea, Gulf of Aden, Israel, Lebanon, Laramie, Normandy, Iran, Persian, Gulf, Aden, Yemen, Busan

☆ US carrier strike group's new video captures the Navy's explosive front-line combat in the Red Sea
▼ + stars: | 2024-06-25 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

AdvertisementAn F/A-18E Super Hornet launches from the flight deck of the USS Dwight D. Eisenhower in the Red Sea on April 12. AdvertisementThe USS Dwight D. Eisenhower conducts flight operations in the Red Sea on Feb. 23. The aircraft carrier USS Dwight D. Eisenhower sails in the Mediterranean Sea on Nov. 3, 2023. AdvertisementThe Ike and its escort warships will soon be replaced by the USS Theodore Roosevelt Carrier Strike Group, which has been operating in the Indo-Pacific region. The changing of America's Middle East naval presence comes amid a particularly active stretch for the Houthis.

Persons: —, Dwight D, Eisenhower, Ike, Lloyd Austin, Arleigh Burke, IKE, Kavon Hakimzadeh, Navy Petty, Theodore Roosevelt Carrier Organizations: Service, Business, Aircraft, Hornet, US Navy, US, Eisenhower, Defense, Pentagon, Ticonderoga, Fleet, Carrier Strike, Navy, Theodore Roosevelt Carrier Strike Locations: Iran, Gulf, Aden, Yemen, Britain, France, East

Container ships are berthed at PSA's Pasir Panjang Terminal in Singapore July 15, 2019. Global port congestion has reached an 18-month high, with 60% of ships waiting at anchor located in Asia, maritime data firm Linerlytica said this month. SEVERE CONGESTIONSingapore, the world's second-largest container port, has seen particularly severe congestion in recent weeks. "The peak season, which traditionally starts in June, was advanced by a full month, causing ocean freight rates to soar." Container freight prices from Asia to the U.S. and Europe have tripled since early 2024.

Persons: Edgar Su, Linerlytica, Yemen's, Jayendu Krishna, Drewry, PortCast, Niki Frank, Dimerco, Jonathan Gold, Judah Levine, Jared Bernstein, Gene Seroka, Peter Sand, Jeslyn Lerh, Lisa Baertlein, Lisa Barrington, Miyoung Kim, Kim Coghill Organizations: REUTERS, Retailers, Ships, Drewry Maritime Advisors, Singapore, Singapore's, Port Authority, Drewry, Keppel, Tuas, Maersk, DHL Global, Asia, Descartes, National Retail Federation, Container, U.S ., of Economic Advisers, U.S, DHL, Thomson Locations: Pasir Panjang, Singapore, SEOUL, SINGAPORE, Asia, Africa, Malaysia's Port Klang, Tanjung Pelepas, Shanghai, Qingdao, China, South Korea, U.S, Europe, U.S . East Coast, U.S . West, of Los Angeles, Los Angeles, Seoul

☆ ‘It’s All Happening Again.’ The Supply Chain Is Under Strain.
▼ + stars: | 2024-06-24 | by ( Peter S. Goodman | ) www.nytimes.com time to read: +1 min

Stephanie Loomis had hoped that the chaos besieging the global supply chain was subsiding. The multiplying costs of moving freight. Over the last few months, she has watched cargo prices soar as a series of disturbances have roiled the seas. That prompted ships to avoid the waterway, instead moving the long way around Africa, lengthening their journeys by as much as two weeks. Then, a severe drought in Central America dropped water levels in the Panama Canal, forcing authorities to limit the number of ships passing through that crucial conduit for international trade.

Persons: Stephanie Loomis, Loomis, Houthi Organizations: Americas, Rhenus Logistics Locations: Germany, Yemen, Suez, Asia, Europe, East Coast, United States, Africa, Central America, Panama

☆ US aircraft carrier arrives in South Korea as Russia-North Korea defense pact deepens regional fears
▼ + stars: | 2024-06-24 | by ( Brad Lendon | ) edition.cnn.com time to read: +5 min

Besides signing the defense deal with Kim Jong Un, Putin also linked security on the Korean Peninsula to Russia’s invasion of Ukraine, threatening to arm North Korea should South Korea provide military aid to Kyiv. The aircraft carrier’s presence in Busan is just the latest in a series of US military moves to show Washington’s “ironclad” commitment to its own treaty ally in South Korea. Earlier this month, US Air Force B-1B bombers participated in a live-fire exercise on the peninsula, the first time in seven years those long-range strike aircraft have dropped live munitions in South Korea. The visit of the USS Theodore Roosevelt to Busan marks the second time a Nimitz-class carrier has visited South Korea in seven months. Neither the US nor South Korea would give details or exact dates of the upcoming Freedom Edge exercise.

Persons: Theodore Roosevelt, Vladimir Putin, Kim Jong Un, Putin, Kim, ” Putin, Carl Vinson, Roosevelt, “, ”, Dwight D, Eisenhower, Ronald Reagan Organizations: Hong Kong CNN, United States Navy, DPRK, Democratic People’s, CNN, US Air Force, United Nations, South, Nimitz, Hornet, South Korean, Pentagon Locations: Hong Kong, South Korea, Washington, Seoul, Tokyo, North Korea, Russia, Busan, Japan, Russian, Pyongyang, Ukraine, Kyiv, Democratic People’s Republic of Korea, North, Korea, Moscow, Yemen, Iran, Pacific, Yokosuka

☆ Houthi claims of attack on U.S. aircraft carrier are false, U.S. officials say
▼ + stars: | 2024-06-23 | by ( ) www.cnbc.com time to read: 1 min

View of the aircraft carrier USS Dwight D. Eisenhower in the Eastern Mediterranean Sea, 1 July 2016. A claim by Yemen's Houthi group on Saturday that its forces had attacked the U.S. aircraft carrier Dwight D. Eisenhower in the Red Sea is false, two U.S. officials told Reuters. "That is incorrect," one of the officials said, speaking on condition of anonymity. The Iran-aligned Houthis first launched drone and missile strikes in the key waterway in November in what they say is solidarity with Palestinian militants in Gaza, where Israel has waged a more than eight-month-old war. In more than 70 attacks, the Houthis have sunk two vessels, seized another and killed at least three seafarers.

Persons: Dwight D, Eisenhower, Yemen's Organizations: U.S, Reuters, Palestinian Locations: Iran, Gaza, Israel

☆ 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

☆ What it's like setting sail aboard the only remaining US Navy ship to have sunk an enemy warship in battle
▼ + stars: | 2024-06-22 | by ( Jake Epstein | ) www.businessinsider.com time to read: +7 min

This US Navy warship, at well over 200 years old, is not like the sea service's other ships, though. When it sets sail, the tall ship moves slowly, escorted by police boats and the Coast Guard and helicopters circling overhead. Today, it consists of three officers and around 80 enlisted Navy sailors — a mix of fleet returnees, meaning they've done previous tours, and individuals straight from boot camp. Jake Epstein/Business InsiderThe Constitution underway in the Boston Harbor on June 14. Flamini has worked as a medic during his three years with the old warship, but he also does pretty much anything else needed.

Persons: —, Joshua Samoluk, George Washington, Simpson, Ironsides, she's, Cdr, Robert Dreitz, Jake Epstein, Taona Enriquez, " Enriquez, Dreitz, Andre Flamini, Flamini, Peter Ticich, Alec Morris, Morris, Casey Scoular Organizations: Service, Navy, Business, Coast Guard, US Navy, Charlestown Navy, Marines, Hanscom Air Force Base Locations: State, Boston, Charlestown, who's, Gulf, Aden, Iran, Yemen, France

☆ 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

☆ ‘Inside! Inside!’: Sailors Recount Houthi Attack and U.S. Navy Rescue
▼ + stars: | 2024-06-17 | by ( Camille Elemia | ) www.nytimes.com time to read: +1 min

The crew members thought it was nothing unusual, but moments later, the ship captain said, they noticed a vessel rushing toward their ship. The boat appeared to be remote-controlled — the fishermen they thought they had glimpsed were dummies — and crew members shouted, “Inside! Inside!” as they raced for cover, according to a video one of them posted on Facebook. The boat collided with their ship and exploded, shattering glass windows on the bridge of their vessel and submerging the engine room in seawater and oil, the captain said. “We were all scared,” the captain, Christian Domrique, said on Monday in Manila, where he and the crew members, all of whom are from the Philippines, were brought after the U.S. Navy airlifted them from the stricken vessel.

Persons: —, “, Christian Domrique Organizations: Facebook, U.S . Navy Locations: Sea, India, Manila, Philippines, Red, Yemen, Israel, Gaza

☆ Israel warns of 'devastating consequences' as spike in fire with Lebanon risks wider conflict
▼ + stars: | 2024-06-17 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +4 min

Smoke and flame rise after Hezbollah carried out a missile attack on Safed city, northern Israel on June 12, 2024. Over the past week, Lebanese militant group Hezbollah has ramped up hostilities and cross-border missile attacks against targets in northern Israel, according to Israel Defense Forces and the Hezbollah-aligned al-Manar news outlet. It comes amid a ramp-up in attacks by Hezbollah in recent weeks following repeat offensives against its neighbor since October. "Hezbollah's increasing aggression is bringing us to the brink of what could be a wider escalation, one that could have devastating consequences for Lebanon and the entire region," Hagari added. "Israel will take the necessary measures to protect its civilians, until security along our border with Lebanon is restored.

Persons: Sami Taleb Abdullah, Taleb Abdullah, Israel, Daniel Hagari, Hagari, HoweveHezbollah, Sheikh Naim Qassem, Amos Hochstein, Joe Biden, Biden, Houthi —, Iran —, Yahya Sare'e Organizations: Hezbollah, Israel Defense Forces, Hamas, IDF, CNBC, Lebanese, Washington, U.S, NBC News Locations: Safed, Israel, Lebanon, Iran, Tehran, Gaza, Lebanese, Jouaiyya, Red

☆ 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 faces 'most intense combat since World War II' against Yemen's Iran-backed Houthi rebels, defense experts say
▼ + stars: | 2024-06-16 | by ( Cameron Manley | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe US is facing its most intense battle since World War II against Yemen's Houthi rebels, experts say. "This is the most sustained combat that the US Navy has seen since World War II — easily, no question," he said. US warships from the US Navy's Dwight D. Eisenhower Carrier Strike Group had fired over 500 munitions fighting the Houthis, Business Insider reported on May 23. Sailors often have only a few seconds to confirm an incoming Houthi strike.

Persons: —, Yemen's Houthi, Bryan Clark, Navy submariner, Dwight D, CENTCOM, Yemen's, Mohammed Hamoud, National Intelligence Avril Haines, Cmdr, Eric Blomberg, Laboon, David Wroe, Eisenhower, Navy Carlos Del Toro, Biden, Brian Finucane, Fabian Hinz Organizations: Service, Navy, Hudson Institute, Associated Press, Business, US Navy, Congressional Research Service, Eisenhower Carrier Strike, military's, Command, National Intelligence, AP, Pentagon, Munitions, Crisis Group, Institute for Strategic Studies, Palestine Locations: Israel, Gaza, Red, Yemen, Iran, Palestine, Eilat, London

☆ 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

☆ Fears are rising ocean freight rates may surpass $20,000 with no relief for global trade into 2025
▼ + stars: | 2024-06-13 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +7 min

Goetz Alebrand, head of ocean freight at DHL Global Forwarding Americas, said he is not optimistic freight rates will decline anytime soon. "It is unlikely that the situation will resolve itself soon and [ocean freight] rate levels might not ease up before Chinese New Year," Alebrand said. Air freight prices and demand are going higher According to freight intelligence firm Xeneta, China to North America air freight spot rates increased 43%, to $4.88 per kilogram, year-on-year in May. According to ocean freight data from FreightWaves SONAR, container bookings and freight orders from shippers to the ocean carriers are down 48% month-over-month. Xeneta data tracking ocean freight rates from the Far East to the U.S. East Coast, West Coast and Gulf Coast ports shows the historic run.

Persons: Joe Giddens, Paul Brashier, Brashier, Goetz Alebrand, Alebrand, Alan Murphy, Murphy, Peter Boockvar, Boockvar, We've, Nate Herman, Xeneta, Daniel Ives, Niall van de, van de, Good Hope Organizations: Federal Reserve, CNBC, ITS Logistics, DHL Global, Intelligence, Defense Intelligence, U.S ., Bleakley Financial, American Apparel and Footwear Association, Global, ", Apple, Wedbush Securities, Trade, Good Locations: Asia, Europe, Sea, Red, Africa, Shanghai, Rotterdam, Genoa, U.S . West Coast, East Coast, U.S, China, North America, U.S . East Coast , West Coast, Gulf Coast

☆ 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

☆ US intelligence assesses Houthis in Yemen in talks to provide weapons to al-Shabaab in Somalia, officials say
▼ + stars: | 2024-06-11 | by ( Katie Bo Lillis | Kylie Atwood | ) edition.cnn.com time to read: +6 min

CNN —US intelligence has learned of discussions between Houthis in Yemen to provide weapons to the Somali militant group al-Shabaab, in what three American officials described to CNN as a worrying development that threatens to further destabilize an already violent region. The Houthis are Zaydi Shiites, and al-Shabaab traditionally has been deeply ideologically opposed to Shiism. “Being able to sell some weapons would bring them much needed income,” the senior administration official said. But a weapons agreement between al-Shabaab and the Houthis would be something new, according to US officials. No matter what the Houthis provide, there’s likely limited opportunity for al-Shabaab to fire directly at US assets in the region.

Persons: ” It’s, Aden —, ”, Christopher Anzalone, “, Anzalone, ” Anzalone, Biden, “ Don’t Organizations: CNN, Marine Corps, East Studies, ”, Somali, ISIS, US Locations: Houthis, Yemen, Somali, Shabaab, Somalia, Iran, al, Aden, United States, Gaza, Saudi Arabia, Tehran, Israel

☆ 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

☆ Iran OKs 6 candidates for presidential race, but again blocks Ahmadinejad
▼ + stars: | 2024-06-09 | by ( ) www.cnbc.com time to read: +5 min

He withdrew from the 2017 presidential campaign to support Raisi in his first failed presidential bid. Raisi won the 2021 election, which had the lowest turnout ever for a presidential vote in Iran, after every major opponent found themselves disqualified. Amirhossein Ghazizadeh Hashemi, Raisi's vice president, ran in the 2021 presidential elections and came in last with just under 1 million votes. Raisi, Iranian Foreign Minister Hossein Amirabdollahian and others were killed in the May 19 helicopter crash in the far northwest of Iran. Raisi was the second Iranian president to die in office.

Persons: Ebrahim Raisi, Hossein Amirabdollahian, Mahmoud Ahmadinejad, Ayatollah Ali Khamenei, Khamenei, Mohammad Bagher Qalibaf, Qalibaf, Raisi, Mahsa, Saeed Jalili, Alireza Zakani, Mostafa Pourmohammadi, Amirhossein Ghazizadeh Hashemi, Masoud Pezeshkian, Ahmadinejad, Ali Larijani, Hassan Rouhani, Larinjani, Abdolnasser Hemmati, Eshaq Jahangiri, Mohammad Ali Rajai Organizations: Iran's, firebrand, Raisi, Guardian Council, U.S, paramilitary Revolutionary Guard, Guard, Guardian, Former Iranian Central Bank, Iranian Locations: Qom, Iran, Israel, Tehran, Raisi, Russia, Ukraine, Red, Gaza

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