On the eve of Star Bulk Carriers’ full year results the Houthi Movement has launched a missile attack on the Star Iris, a panamax bulk carrier, in the Bab al-Mandeb straits, off Yemen.
![A view over the deck of TORM Emilie at sea]( "A view over the deck of TORM Emilie at sea")
Houthi attacks in the Red Sea have driven a significant change in voyage patterns for products tankers on the trade between Middle East Gulf/India and Europe.
![SHI yard from the air]( "SHI yard from the air")
South Korean shipbuilder Samsung Heavy Industries (SHI) has secured a contract to construct 15 LNG carriers for KRW4.57 trillion ($3.44 billion).
![Containership at sunset in Singapore]( "Containership at sunset in Singapore")
There is a risk of congestion post Chinese New Year as crises in the Red Sea and Panama converge, but insurers played down a potential flashpoint in the Taiwan Strait.
A kamsarmax bulker and a general cargo ship have been damaged in the Red Sea by apparent Houthi attacks.
Houthi attacks on shipping in the Southern Red Sea have seen many ship operators rerouting vessels via the Cape of Good Hope, but despite the risk others have continued to send vessels through the region.
Cosco Shipping Lines has inaugurated its latest branch office in the Moroccan city of Casablanca, underscoring the growing significance of North African trade.
The world’s third largest container line CMA CGM has stopped transiting the Red Sea and is rerouting via the Cape of Good Hope to avoid the threat of Houthi attacks.
As the situation in the Red Sea disrupts normal operations, legal and insurance experts explore some of the practical and legal considerations shipowners and charterers face.
US and UK forces carried out a further series of strikes at the weekend on Houthi targets in Yemen being used to attack commercial shipping the Red Sea.
