world trade News

Pentagon Announces New International Mission to Counter Attacks on Commercial Vessels in Red Sea

MANAMA, Bahrain (AP) — The U.S. and a host of other nations are creating a new force to protect ships transiting the Red Sea that have come under attack by drones and ballistic missiles fired from Houthi-controlled areas of Yemen, …

Houthi Attacks Push Shipping Giants to Pause Red Sea Voyages

Spiraling attacks on merchant ships by Houthi militants off the coast of Yemen have prompted widespread trade disruption with some of the world’s biggest vessel owners evaluating whether it’s safe to send crews through the Red Sea. Two of the …

U.S. Sanctions Advisory Raises Hurdles For Global Maritime Industry

LONDON/WASHINGTON — Ship owners and insurers say it may be impossible for the maritime industry to fully comply with the Trump administration’s new guidelines on how to avoid sanctions penalties related to Iran, North Korea and Syria, raising the risk …