Houthi Attack
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Red Sea crisis: Business heads fear lasting bottlenecks, say prolonged disruption could affect supply chains
Fp Staff •Attacks by the Iran-allied Houthi militia on ships in the region since November have slowed trade between Asia and Europe and alarmed major powers -- an escalation of Israel's more than three-month-old war with Palestinian Hamas militants in Gaza.
How Houthi attacks in Red Sea are affecting India’s exports
Fp Explainers •India sends around 80 per cent of its goods to Europe via the Red Sea and also exports to the US East Coast, West Asia and Africa. Exporters say freight rates have spiked 600 per cent and that some have begun holding back their consignments
Attacks on ship in Red Sea would impact India’s energy and economic interests: S Jaishankar
Fp Staff •Jaishankar, who was on an official visit to Iran, met President Ebrahim Raisi on January 16 regarding speeding up the implementation of bilateral agreements, including the Chabahar Port Development Plan.
Maersk sends two US-flagged container ships through Red Sea
Fp Staff •Maersk and other large shipping lines have instructed hundreds of commercial vessels to stay clear of the Bab al-Mandab Strait near Yemen, sending vessels on the longer route around Africa in response to attacks on shipping by Iranian-backed Houthi militants.
How Indian Navy’s warships are battling pirates, drones in the Arabian Sea
Fp Explainers •The Indian Navy has deployed 10 warships, equipped with all high-tech features, in the Arabian Sea. The increased maritime surveillance comes at a time when piracy attacks and drone strikes have seen a significant rise
How Red Sea attacks could raise export prices of Indian basmati rice
Fp Explainers •A prolonged disruption to the supply of goods in the Red Sea due to attacks by Yemen’s Houthi rebel group could lead to New Delhi considering an alternate route along Africa for shipments of basmati rice, which could enhance prices by about 15-20 per cent
How Houthi attacks in the Red Sea could affect everyday life
Fp Explainers •Around $80 billion worth of products have already been diverted after the Iran-backed Houthi militants attacked trade vessels in the Red Sea. Experts say Europe will be most affected by the delays and the costs will be passed on to consumers