Sea
Red Sea attacks drove 90% decline in container shipping, US spies say
HOUTHI attacks on commercial vessels in the Red Sea led to a 90 per cent decline in container shipping through the area between December 2023 and February 2024, US...
Singapore port congestion shows global ripple impact of Red Sea attacks
CONGESTION at Singapore’s container port is at its worst since the Covid-19 pandemic, a sign of how prolonged vessel re-routing to avoid Red Sea attacks has disrupted global ocean...
From Black Sea to US Midwest, extreme weather threatens crop output
FORECAST dryness in the Black Sea region’s breadbasket is likely to stunt sunflower and corn yields, while heavy rain in the United States after near-record temperatures threaten to take...
Drone attack damages merchant ship in Red Sea: UK agencies
A DRONE attack damaged a merchant ship in the Red Sea near Yemen on Sunday (Jun 23), two maritime security agencies said, as Iran-backed Huthi rebels announced naval attacks...
Brokers’ take: Maybank reinitiates coverage on Sea with ‘buy’ call
MAYBANK Securities reinitiated coverage on Sea with a “buy” call and a target price of US$90, after projecting healthy revenue growth for the internet company.The research house estimates Sea’s...
Red Sea ships attacks push 47% more crude oil, fuels around Africa
GLOBAL crude oil and oil products shipments taking the long route between Asia, the Middle East and the West is up 47 per cent since attacks began on vessels...
China’s CNOOC reports major gas breakthrough in South China Sea
CNOOC has achieved a major exploration breakthrough in an ultra-shallow gas play in ultra-deep water South China Sea, the state-owned oil and gas firm said on Thursday (Jun 6).
Its...
Maersk raises 2024 guidance on strong demand, Red Sea disruptions
DANISH shipping group AP Moeller-Maersk on Monday (Jun 3) raised its full-year profit guidance for the second time in a month on the back of strong container market demand...
