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☆ The US has been 'too passive' with the Houthis in the Red Sea and should go after their leaders, says retired US general
▼ + stars: | 2024-06-03 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +1 min

The US has been "too passive" in the Red Sea, a retired US general told CBS' Face The Nation. The Houthis have been using drones and missiles to target commercial shipping in the Red Sea. AdvertisementA retired US general said the US has been too passive when it comes to the Houthis, letting them dominate the Red Sea, and said that it should go after their leaders instead. "We've been too passive," Kenneth F. McKenzie, who previously led the US Central Command, told CBS' Face The Nation on Sunday. "We've allowed the Houthis really to dominate the global maritime communications by closing down effectively the Suez Canal," he said.

Persons: Kenneth F, McKenzie, —, We've Organizations: CBS, US Navy, Service, US Central Command, Business Locations: Red, Suez

☆ Houthi rebel footage appears to show a downed US Reaper drone worth $30 million. It marked the third loss in a month, a report said.
▼ + stars: | 2024-06-01 | by ( Cameron Manley | ) www.businessinsider.com time to read: +5 min

Read previewAnother US MQ-9 Reaper drone came down in Yemen, images appear to show, marking the third loss during the conflict with Houthi rebels in the last month, an Associated Press report said. pic.twitter.com/pNeRJ5Kkei — Megatron (@Megatron_ron) May 29, 2024Houthi spokesman Yahya Saree claimed his fighters shot dow the US Reaper drone in northern Yemen. AP said it was the third report of a downing of an expensive Reaper drone in the last month. The news agency also approached the CIA regarding the downing of the Reaper drone, but it declined to comment. "The MQ-9 Reaper may not be survivable in an environment characterized by large-scale combat operations."

Persons: —, Houthis, Hou, tod, Rea, Ros Organizations: Service, Associated Press, US Navy, Business, dow, Uni, kr Locations: Yemen, Israel, Gaza

☆ The Houthi's wild claim to have struck a US aircraft carrier is pure fiction
▼ + stars: | 2024-05-31 | by ( Chris Panella | ) www.businessinsider.com time to read: +1 min

The Houthis' claim that they struck the USS Eisenhower is untrue, per a defense official. The Houthis claimed the missile attack was retaliation for Thursday US strikes in Yemen. The Eisenhower is a lead ship in the US Navy's response to the Houthis in the Red Sea. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe Houthis' claim that they struck a US aircraft carrier in the Red Sea with missiles is untrue, according to a US defense official.

Persons: Eisenhower, Houthis, —, Dwight D, Yahya Saree, Saree Organizations: Thursday, Service, Business Locations: Yemen, Red, Iranian

☆ Oil alliance OPEC+ could extend production cuts this weekend as focus shifts away from Middle East tensions, sources say
▼ + stars: | 2024-05-31 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +5 min

Thomas Coex | Afp | Getty ImagesThe oil-producing Organization of the Petroleum Exporting Countries and its allies could extend existing output cuts this week, delegates and analysts told CNBC, even as focus shifts from Middle East tensions to summer demand. OPEC+ producers are currently implementing a combined 5.86 million barrels per day of supply cuts. And then August is the peak month for tightness," Viktor Katona, lead crude analyst at Kpler, told CNBC. "However, I think that the market right now has priced in a full extension of the voluntary cuts. A high-inflation environment and tight monetary policy in turn reined in oil demand, but central banks have signaled readiness to lower interest rates in the second half of the year.

Persons: Thomas Coex, Viktor Katona, overproducers, Jorge Leon, Yemen's, Tamas Varga Organizations: Organization of, Petroleum, Afp, Getty, CNBC, Energy, Market Research, PVM Oil Associates, United Arab Emirates Locations: OPEC, Vienna, China, Iraq, Kazakhstan, Paris, Ukraine, Gaza, Red, Saudi Arabia, Russia, Guyana, Brazil, Canada

☆ US and UK carry out strikes against Houthi targets in Yemen for first time in months
▼ + stars: | 2024-05-30 | by ( Oren Liebermann | ) edition.cnn.com time to read: +2 min

CNN —The US and UK carried out a series of strikes against Houthi targets in Yemen on Thursday for the first time in more than three months, according to US Central Command. In addition, the US unilaterally destroyed eight aerial attack drones over Yemen and the Red Sea. The coalition strikes targeted 13 Houthi targets in parts of Yemen controlled by the Iran-backed terror group. The last round of strikes occurred on February 24, as the US and UK targeted Houthi weapons and radar sites. This week, the US destroyed Houthi missile launchers in Yemen and intercepted aerial attack drones.

Persons: Lax, Dwight D, Eisenhower, Carney, Lloyd Austin, ” Organizations: CNN, US Central Command, US Navy, US, Central Command, Prosperity Guardian, Houthi Locations: Yemen, Iran, Aden, Red

☆ China’s Xi Jinping calls for peace conference and ‘justice’ over war in Gaza as Arab leaders visit Beijing
▼ + stars: | 2024-05-30 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +6 min

Hong Kong CNN —Chinese leader Xi Jinping decried “tremendous sufferings” in the Middle East and called for an international peace conference as leaders from Arab nations visit Beijing this week amid mounting global concern over Israel’s war in Gaza. Justice should not be absent forever,” Xi said Thursday at the opening of a meeting between top diplomats from China and Arab states, also attended by several leaders from the region. Delegations from 22 Arab states joined that event at Beijing’s Diaoyutai State Guesthouse, according to Chinese state media. China has recognized a Palestinian state since 1988. Thursday’s ministerial meeting is the first such gathering since China held its first joint summit with Arab leaders in late 2022 in Saudi Arabia.

Persons: Xi Jinping, ” Xi, Israel, Xi, ”, Abdel, Fattah, Mohamed bin Zayed Al Nahyan, Bahrain’s King Hamad bin Isa Al Khalifa, Kais Saied, China “, Yun Sun, Fatah, Joe Biden, Jamal Khashoggi, Egypt’s Sisi Organizations: Hong Kong CNN, United Arab Emirates, States Cooperation Forum, Diplomats, Stimson, UN Relief and Works Agency for Palestine Refugees, of Locations: China, Hong Kong, Beijing, Gaza, “, Palestinian, Rafah, United States, Israel, Washington, United, Palestine, Iran, Saudi Arabia, Istanbul

☆ F-35s are going to be a 'game-changer' for US Navy amphibious assault ship and former 'Harrier carrier' USS Bataan, senior officer says
▼ + stars: | 2024-05-23 | by ( Chris Panella | ) www.businessinsider.com time to read: +5 min

The amphibious assault ship, currently docked in New York City for Fleet Week 2024, will undergo work to carry F-35B Lightning II fighter jets. The upgrade will be "game-changer" for the capabilities and future operations of the ship, a senior officer said. AdvertisementAn F-35B Lightning II fighter aircraft sits on the flight deck of the Wasp-class amphibious assault ship USS Essex. Ken Kalemkarian/releasedThe idea of a lightning carrier has roots in the "Harrier carrier" concept, which the Bataan notably employed in Iraq in 2003. Two U.S. Air Force F-35A Lightning II aircraft operate alongside amphibious assault ship USS Bataan (LHD 5) and guided-missile destroyer USS Thomas Hudner (DDG 116) in the Gulf of Oman, Aug. 17, 2023.

Persons: —, it'll, Gerald R, Ford, Trace, Chandler Harrell, Brian Cavanaugh, Cpl, Ken Kalemkarian, Thomas Hudner, Cavanaugh, Lockheed Martin Organizations: Service, Bataan, Fleet, Business, US Navy, Marine Forces Command, US Navy Nimitz, Attack Squadron, Marine Corps Air, U.S . Air Force, US, USS, Lockheed Locations: New York City, Bataan, Essex, Yuma, Ariz, Iraq, China, Australia, Japan, South Korea, Gulf of Oman, USS America

☆ A US Navy carrier strike group locked in a Red Sea battle has fired over 500 munitions fighting the Houthis
▼ + stars: | 2024-05-23 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

Read previewThe US Navy carrier strike group battling the Houthis in the Red Sea has fired more than 500 munitions throughout its deployment, striking the rebels directly in Yemen and intercepting their missiles and drones. The strike group has leaned on its aircraft and warships to engage targets and defend against varying threats. Sailors observe as an F/A-18E Super Hornet lands on the flight deck aboard the Nimitz-class aircraft carrier USS Dwight D. Eisenhower in the Red Sea on March 12. Aircraft from the strike group have flown more than 27,200 hours across over 12,100 sorties. The Arleigh Burke-class guided-missile destroyer USS Carney defeats a combination of Houthi missiles and drones in the Red Sea on Oct. 19.

Persons: —, Dwight D, Eisenhower, Navy Carlos Del Toro, Arleigh Burke, Carney, Aaron Lau, National Intelligence Avril Haines, We've, It's Organizations: Service, US Navy, Eisenhower Carrier Strike, Ike, Business, Nimitz, Hornet, EA, Aircraft, Navy, Tomahawk, National Intelligence, Pentagon Locations: Yemen, Gulf, Aden, Iran, Hessen

☆ Biden looks to counter China’s influence as he rolls out red carpet for Kenya
▼ + stars: | 2024-05-23 | by ( Kevin Liptak | Kayla Tausche | ) edition.cnn.com time to read: +8 min

Among the goals of his three-day state visit in October: securing another $1 billion in loans from China to help complete infrastructure projects. On Wednesday, when he arrived at Joint Base Andrews to begin another state visit – this time to Washington – he again found a red carpet and troops. Senior administration officials acknowledge a central factor in scheduling a state visit with Kenya was the desire to counter China’s influence and financial leverage on the African continent, which has outpaced the United States in direct investment. One of the goals of Thursday’s state visit is to demonstrate the ability of democracies – like Kenya’s – to deliver for their people. “I plan on going in February,” Biden told reporters.

Persons: Washington CNN —, William Ruto, Joint Base Andrews, Washington –, Jill Biden, Joe Biden, –, Kenya –, ”, “, Biden, Ruto, ” Ruto, he’s, João Manuel Gonçalves Lourenço, Jake Sullivan, ” Biden, Xi Jinping, Donald Trump –, ” Sullivan, Ariel Henry Organizations: Washington CNN, Kenyan, Joint Base, East, Kenya, NATO, Africa –, White, Initiative, Loans, Washington, World Bank, Group, European Union, Democratic, White House, Angolan, Advisers, CNN, Haitian Locations: Beijing, China, Africa, Kenya, United States, China’s, Nairobi, Mombasa, Boston, US, Angola, Democratic Republic of Congo, Zambia, Washington, East, Ukraine, ”, Russia, –, combatting al, Shabab, Somalia, Yemen, Haiti

☆ Sudden container crunch sends ocean freight rates soaring, setting off global trade alarm bells
▼ + stars: | 2024-05-23 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +8 min

AFP Contributor | AFP | Getty ImagesA perfect storm in global trade is creating a shipping container capacity crunch, fueling a sudden and surprise spike in ocean freight rates. Xeneta ocean freight rates show the rallying spot market and the widening spread between spot and long-term rates. An increase in ocean freight rejections shows the imbalance. Logistics price increases are ultimately passed onto the consumer and the dizzying freight rates during the pandemic were among factors cited by the Federal Reserve as a cause of inflation. The International Chamber of Shipping, which represents major ocean carriers, did not immediately respond to a request for comment.

Persons: Emily Stausbøll, Stausbøll, Goetz Alebrand, Alebrand, Judah Levine, Freightos, Levine, Wan Hai, HLS, Drewry, Jonathan Gold Organizations: AFP, Getty, U.S ., Xeneta, DHL, Shipping, Americas, DHL Global, CNBC, Federal Reserve, Orient Star Group, MSC, Chamber of Shipping, Honour, Carriers, Maritime Locations: Qingdao, Shandong province, AFP, Asia, U.S . West Coast, U.S, China, Malaysia, Singapore, Panama, Latin America, Europe, Chongqing, East Asia, South America, Africa, U.S . East Coast

☆ US Navy warships in the Red Sea are fighting off missiles new to combat that are 'way faster' than anything else, destroyer captain says
▼ + stars: | 2024-05-20 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

Since then, the Iran-backed rebels have fired dozens of anti-ship ballistic missiles into the Red Sea and Gulf of Aden. An anti-ship ballistic missile "is just way faster than anything else, Cmdr. Jeremy Robertson, captain of the guided-missile destroyer USS Carney, told reporters during a media event on Monday. The Houthis maintain a sizable arsenal of anti-ship ballistic missiles, according to an analysis by the the International Institute for Strategic Studies think tank. US Navy guided-missile destroyer USS Carney defeats a combination of Houthi missiles and drones in the Red Sea on October 19, 2023.

Persons: —, Jeremy Robertson, Carney, MCS2 Aaron Lau, Robertson, we've, Dwight D, Eisenhower, Petty, Bill Dodge, The Carney, Lisa Franchetti, Franchetti Organizations: Service, Navy, Business, US Navy, International Institute for Strategic Studies, Central Command, AP, Israel, Naval, Fleet Locations: American, Iran, Gulf of Aden, Suez, Yemen, Tehran, Washington, Pacific, China, Souda Bay, Greece, Mayport , Florida

☆ Raisi Has Died in Helicopter Crash, State Media Reports
▼ + stars: | 2024-05-19 | by ( Vivian Nereim | ) www.nytimes.com time to read: +4 min

Inside a clothing store in Tehran, a television is set to a news channel reporting on the crash of the helicopter carrying the president of Iran. The crash of a helicopter carrying President Ebrahim Raisi of Iran could hardly have come at a more volatile time for the Islamic Republic. The crash also raises questions about who would become Iran’s supreme leader after Ayatollah Ali Khamenei, who is 85, Mr. Vaez said. Mr. Raisi has been seen as a possible successor. Mr. Vaez said that Mr. Raisi has been viewed as “predictable for the system — and that’s the reason he was chosen as president and was being groomed for the top job.”Farnaz Fassihi contributed reporting.

Persons: Ebrahim Raisi, Raisi —, Iran’s, —, Ali Vaez, ” Mr, Vaez, Mahsa Amini, Ayatollah Ali Khamenei, Raisi, ” Farnaz Fassihi Organizations: Crisis Group, Parliamentary, Islamic, Israel Locations: Tehran, Iran, Islamic Republic, Israel, United States, ”, Kerman, Islamic State, Gaza, Lebanon, Damascus, Syria

☆ Iranian President Helicopter Crash Raisi Has Died in Helicopter Crash, State Media Reports
▼ + stars: | 2024-05-19 | by ( Farnaz Fassihi | ) www.nytimes.com time to read: +4 min

☆ Helicopter carrying Iran’s president suffers a ‘crash,’ state TV says without further details
▼ + stars: | 2024-05-19 | by ( Mithil Aggarwal | ) www.cnbc.com time to read: +2 min

A helicopter with Iranian President Ebrahim Raisi on board "crashed upon landing" on Sunday, state media reported, with weather conditions complicating rescue efforts. "President Raisi was returning from a ceremony to open a dam on Iran's border with Azerbaijan when his helicopter crashed upon landing in Varzaqan region," it said. Iran's foreign minister, Hossein Amir-Abdollahian, was also traveling in the helicopter, along with East Azerbaijan's governor, Malik Rahmati, and Raisi's security detail, it said. State TV IRIB said the helicopter belonged to the Iranian Red Crescent, which Iran's interior minister Ahmad Vahidi said was part of a convoy. Under Raisi, Iran now enriches uranium at nearly weapons-grade levels and hampers international inspections.

Persons: Ebrahim Raisi, IRNA, Raisi, Hossein Amir, Malik Rahmati, IRIB, Ahmad Vahidi, Ayatollah Ali Khamenei, Yemen's Organizations: United Nations General Assembly, East, East Azerbaijan province —, Iran's, Hamas, Hezbollah Locations: New York City, U.S, East Azerbaijan province, Tehran —, Azerbaijan, Varzaqan, Iran, Tehran, Iraq, Raisi, Russia, Ukraine, Israel, Gaza

☆ Yemen's Houthi rebels are menacing ships on the high seas
▼ + stars: | 2024-05-17 | by ( Paul Iddon | ) www.businessinsider.com time to read: +7 min

Read previewHouthi militants showed in late April that they can expand their war on international shipping far beyond the Red Sea. AdvertisementHe noted that the Shehab's reported range of 990 miles puts it "well within range" of international shipping. The British-registered cargo ship 'Rubymar' sank in March after it was targeted by Yemen's Houthi forces in the Red Sea. "Once they enter the Red Sea, though, ships can be tracked by spotters ashore or on boats or using mobile Houthi radars ashore. "Nevertheless, with the rate of Houthi advances, and increases in speed, control, and maneuverability in-transit, international shipping could soon prove vulnerable."

Persons: —, Good Hope, Bryan Clark, James Patton Rogers, Rogers, Samad, Yemen's, Mohammed Hamoud, Clark Organizations: Service, MSC Orion, Business, Hudson Institute, Cornell Tech Policy Institute, US, EU, AIS, Orion, Ships Locations: of Africa, Africa's, Good, Red, Ukraine, Israel

☆ Oil prices slip as International Energy Agency cuts demand growth forecast
▼ + stars: | 2024-05-15 | by ( Spencer Kimball | ) www.cnbc.com time to read: 1 min

Crude oil futures edged lower Wednesday as the International Energy sees global demand growing less than originally forecast this year. World oil demand is forecast to grow by 1.1 million barrels per day this year, down 140,000 bpd from last month's projection as demand in developed economies softened in the first quarter, according to an IEA report. Here are today's energy prices:Global crude inventories surged in March by 34.6 million barrels as trade disruptions pushed oil on water to a post pandemic high, according to the IEA. Oil deliveries have been rerouted this year due to attacks by Yemen-based Houthi militants on shipping through the Red Sea. Inventories continued to build in April as oil on water was discharged to land, leading to an increase in onshore stockpiles, according to the IEA.

Persons: Brent Organizations: International Energy, IEA Locations: Yemen

☆ This year's biggest air battles are showing the US what it could need most in a missile war with China
▼ + stars: | 2024-05-15 | by ( Jake Epstein | Chris Panella | ) www.businessinsider.com time to read: +13 min

AP Photo/Evgeniy Maloletka, FileThe war has shown how effective air defenses can be at denying air superiority, protecting key areas, and threatening high-value aircraft, as well as the costs when capabilities are degraded. Ukraine's air defenses, like its Soviet-era S-300s and US-supplied Patriots, have defeated enemy missile and drone strikes, hindered Russian air operations, and shot down numerous fighter-bombers and other Russian planes. "Ukraine and NATO might reduce risks with a two-prong strategy of strengthening air defenses and boosting infrastructure resilience." Needing more interceptors for the PacificFrom the fights this year, the US can see how it'll need to employ air defenses in a potential showdown with China. Running out of air defenses before the enemy runs out of air threats spells trouble.

Persons: —, Bradley Martin, Evgeniy, Volodymyr Zelenskyy, Firefighters, Archer Macy, Martin, Shaan Shaikh, We've, Amir Cohen TPX, Shaikh, it's, Andy Wong, Thomas Shugart, Shugart, Joshua Smoot, Heath Collins, Navy Carlos Del Toro, Macy, Mark Wright Organizations: Service, Business, US Navy, Ukraine, AP, Patriots, Institute for, Emergency, Ministry, RAND Corporation, NATO, Western, Central Command, Combat, Navy, RAND, Patriot, US, Missile Defense, Center for Strategic, International Studies, REUTERS, China, Pentagon, Defense, Center, New, Air Force, 37th Expeditionary Bomb Squadron, Andersen Air Force Base, US Air Force, Aegis, Missile Defense Agency, Former Navy, CSIS, Pacific Missile, AP Air Locations: China, Ukraine, Israel, Navy, Russia, Congress, Avdiivka, Kharkiv, Russian, Kyiv, NATO, Yemen, Gulf of Aden, Iran, Red, Screengrab, French, Ashdod, South Korea, Japan, Guam, Beijing, New American, Gen, Kauai, Hawaii

☆ Port of Virginia is making big changes to become No. 1 on the East Coast for super-sized ocean containerships
▼ + stars: | 2024-05-09 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +11 min

The dredging project is expected to be completed in Fall 2025, making the Port of Virginia the deepest and widest harbor on the East Coast. "Ultra-large container vessels have challenged every port," said Stephen Edwards, CEO of the Port of Virginia. Edwards said the port was able to quickly absorb Baltimore freight because of the ocean carrier service overlap in calling on the Port of Virginia, Baltimore and Port of New York/New Jersey. In January, the port became the first East Coast port to power all its terminals with 100% clean energy, eight years ahead of the 2032 target it set for that goal. The expansion will increase the fleet at NIT to 152 electric stacking cranes, seven electric rail cranes, and 31 electric ship-to-shore cranes.

Persons: Lori Ann LaRocco, Stephen Edwards, " Edwards, Edwards, It's, Good Hope, D'Andrae Larry, Larry, Jones, monopiles, Monopiles Organizations: NIT, CNBC, U.S ., Commonwealth, Walmart, Maersk, Port, Baltimore, Rail, Norfolk International, Uber, Virginia Department of Transportation, Dominion Energy, Rappahannock Electric Cooperative, ClearView Energy Partners, of Ocean Energy, U.S, District of Columbia, Dominion Locations: Port of Virginia, Port, Virginia, U.S . East Coast, Norfolk, Coast, of Virginia, East Coast, U.S, Delaware, South, Southeast Asia, Northeast Asia, India, Red, Suez, Good, Baltimore, Port of Baltimore, Port of New York, New Jersey, of Virginia's, Commonwealth, Norfolk , Virginia, East, Virginia Beach

☆ Saudi Arabia needs peace in the Middle East for its $500 billion Neom megaproject to succeed
▼ + stars: | 2024-05-07 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +6 min

In March 2023, Iran and Saudi Arabia brokered a deal to re-establish diplomatic relations. Related storiesThe US and Saudi Arabia are in the final steps of a new agreement on security guarantees and civilian nuclear assistance, Reuters reported last week. Many of Neom's projects aimed at capturing the luxury tourism market are located along the Red Sea coast. Set to open next year, Neom's luxury island resort of Sindalah is advertised as an "exclusive gateway to the stunning Red Sea." Saudi officials are already fighting to combat claims that Neom is facing delays and setbacks.

Persons: —, it's, Israel, Kristian Coates Ulrichsen, Ulrichsen, Robert Mogielnicki, Mogielnicki, Neom Organizations: Saudi, Service, Neom, New York Times, Reuters, Rice, Baker Institute for Public Policy, Gulf States Institute, Bloomberg, Business Locations: Saudi, Dubai, Israel, Gaza, Iran, Saudi Arabia, China, Palestinian, Israeli, Red, Jeddah

☆ A US Navy aircraft carrier is rearmed and back in the Red Sea amid a Houthi missile crisis with no end in sight
▼ + stars: | 2024-05-07 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

Two US Navy warships on the front lines of the Houthi battle are back in the Red Sea. The USS Dwight D. Eisenhower and USS Gravely made a recent port visit in Greece. AdvertisementThe US Navy aircraft carrier that spent months battling the Houthis in the Red Sea is rearmed and back in the waterway after a short break. AdvertisementThe Nimitz-class aircraft carrier USS Dwight D. Eisenhower prepares to port in Souda Bay, Greece on April 28. While there may be no immediate end in sight to the Red Sea conflict, US officials have routinely stressed that American forces will continue to engage the Houthis.

Persons: Dwight D, Eisenhower, —, Arleigh Burke, Mercy Crowe, Ike, Marc Miguez, Miguez, Souda, Navy Carlos Del Toro, National Intelligence Avril Haines, Nicholas Rodriguez, Haines, Pat Ryder Organizations: US Navy, Navy, Service, Business, NATO, Nimitz, Mass Communication, Eisenhower Carrier Strike, Fighter Squadron, Eisenhower, US, National Intelligence, Armed Services, Department of Defense, Pentagon Press, Air Force Locations: Red, Greece, Souda Bay, Crete, Gulf, Aden, Yemen, Iran, Gaza, Israel

☆ Maersk Says Expanded Houthi Attacks Are Forcing More Delays
▼ + stars: | 2024-05-06 | by ( Peter Eavis | More About Peter Eavis | ) www.nytimes.com time to read: +1 min

Global shipping lines have become increasingly strained as the Houthi militia in Yemen broadens its attacks on cargo vessels, one of the largest companies in the industry warned on Monday. “The risk zone has expanded,” Maersk, the second-largest ocean carrier, said in a note to customers, adding that the stress was causing further delays and higher costs. Since late last year, the Houthis have been attacking ships in the Red Sea, which cargo vessels from Asia have to travel through to reach the Suez Canal. But in recent weeks, the Houthis have been trying to strike ships making that longer journey in the Indian Ocean. Because going around Africa takes longer, shipping companies have had to add more vessels to ensure that they can transport goods on time and without cutting volumes.

Persons: ” Organizations: ” Maersk Locations: Yemen, Red, Asia, Suez, Europe, Africa

☆ Houthi rebels are going to keep lobbing missiles at ships in the Red Sea 'for some time,' US intel chief says
▼ + stars: | 2024-05-03 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

Read previewFor months, the Houthis have relentlessly fired missiles and drones at merchant and Western naval vessels in key Middle Eastern waterways. The US and UK militaries have carried out several rounds of joint strikes targeting Houthi facilities across Yemen. On a far more frequent basis, however, American forces have carried out unilateral, preemptive strikes targeting drones or missiles before the rebels can fire them at nearby ships in the Red Sea and Gulf of Aden. A commercial ship in the Red Sea in March. Beyond going after ships in the Red Sea and Gulf of Aden, the Houthis, as part of Iran's broader proxy network that spans the region, have also launched missiles at Israel.

Persons: —, National Intelligence Avril Haines, Haines, Abdul Malik al, Houthi, it's, Virginia Sen, Tim Kaine Organizations: Service, Business, National Intelligence, Armed Services, AP, Department of Defense, US, Command Locations: Iran, Yemen, Israel, Gaza, Sanaa, Tehran, Gulf of Aden, Red

☆ The US military's massive unmanned 'Manta Ray' submarine cleared its first sea test
▼ + stars: | 2024-05-02 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

Drones like the Manta Ray can function like a torpedo, mine, or small submarine. AdvertisementA US military submarine that looks like a giant metal manta ray and is currently under development passed its first major test at sea. Related storiesOne photograph of the Manta Ray shows it sitting adjacent to a support boat, and another shows it with people standing on top of it. AdvertisementDARPA program manager Dr. Kyle Woerner (right) talks with a member of the Northrop Grumman team while standing atop the Manta Ray vehicle. AdvertisementUS Navy Sailors launch an unmanned underwater vehicle (UUV) from an 11-meter rigid hull inflatable boat.

Persons: Manta Ray, —, Northrop Grumman, Ray, Kyle Woerner, Dr, Woerner, John Paul Kotara II, UUVs Organizations: Drones, Service, Defense, Research Projects Agency, DARPA, Manta, Northrop, Northrop Grumman, Research, Agency, US Navy, Navy, Navy Sailors, Force Locations: Southern California, Iran, Yemen, Ukraine, Kyiv, Moscow

☆ The US Navy wants a lot more of a missile that just recently scored its first kill to counter Pacific threats like China
▼ + stars: | 2024-05-01 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

The US Navy used its SM-3 missile interceptor in combat for the first time last month. AdvertisementThe US Navy will need a lot more of its SM-3 missile, an interceptor that only recently scored its first-ever kill, to counter Pacific threats like China, the sea service's top civilian official said on Wednesday. The Missile Defense Agency's budget request for FY25 cuts procurement of SM-3 Block IB variant, which became operational a decade ago. During Wednesday's hearing, South Carolina Rep. Joe Wilson referred to this variant as the Navy's "primary defense against tactical ballistic missiles for the Aegis Ballistic Missile Defense" weapons system. AdvertisementThe Navy, however, is already getting a taste of what it's like to battle anti-ship ballistic missiles.

Persons: —, Navy Carlos Del Toro, Del Toro, Joe Wilson, Paul Ignatius, MCS2 Nathan T, Beard Organizations: US Navy, China, Service, Navy, House Armed, Missile Defense Agency, Combat, Missile Defense, South Carolina Rep, Aegis Ballistic Missile Defense Locations: China, Tehran, Israel, Lake Erie, Kauai, Hawaii, Washington, Beijing, American, Iran, Gulf of Aden

☆ War in Gaza has immediate implications on Suez Canal, Egyptian minister says
▼ + stars: | 2024-04-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWar in Gaza has immediate implications on Suez Canal, Egyptian minister saysRania Al Mashat, Egypt's minister for international cooperation, discusses the Egyptian economy as the Israel-Hamas war continues and amid the Houthi attacks in the Red Sea.

Persons: Rania Al Mashat Locations: Gaza, Suez, Israel, Red

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