Tag: Red Sea

The ongoing conflict between Israel and Iran has significantly increased insurance costs for ships navigating the Red Sea and Persian Gulf, reflecting growing concerns over maritime security in the region.

On 18 June, the Suez Canal marked a major milestone with the successful southbound transit of the CMA CGM OSIRIS, a French container ship weighing 154,000 tons.

Amid ongoing regional tensions and evolving threats, Ambrey assesses persistent elevated risk to Israel-linked vessels in the Red Sea, with potential risk escalation for US, UK, and allied shipping should military actions against the Houthis or Iran resume.

Commercial vessels operating in the Middle East are facing growing navigational risks due to widespread electronic interference, particularly GPS jamming and spoofing, Bloomberg reports. 

Dryad Global in its latest advisory highlighted critical developments impacting commercial shipping and maritime operations worldwide. 

Marine traffic through the Red Sea has increased by 60% to about 36–37 ships per day since August 2024, Rear Admiral Vasileios Gryparis, commander of the EU's Aspides naval mission, told Reuters.

The Panama Maritime Authority (AMP) issued a notice warning Panamanian-flagged vessels of serious risks associated with Ras Isa Port in Yemen.

Nautilus International has urged seafarers to remember their rights when working onboard vessels due to transit warlike areas.

At a recent UN Security Council meeting on 20 May, Secretary-General António Guterres emphasized that maritime security is a prerequisite for global stability, warning that growing threats, from piracy and smuggling to cyberattacks and geopolitical tensions, are putting oceans under increasing strain.

The Suez Canal Authority (SCA) has issued a 15% discount on containership transit fees starting 15 May in an effort to attract traffic.