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.

Karachi Port Trust has signed a 25-year concession agreement with AD Ports for bulk and general cargo operations at the Port of Karachi.

US military say that two missiles fired by Houthi rebels at the container ship Koi on 1 February failed to reach their target.

Abu Dhabi-based clean energy company Masdar and French shipping major CMA CGM have signed a strategic supply partnership (SSP) to explore opportunities for long-term green maritime fuels offtake contracts.