According to S&P Global Commodity Insights, the demand spike, estimated to be over 30 per cent in ports across India and Sri Lanka, has been primarily attributed to longer voyages undertaken by ship owners and charters to circumvent the Red Sea region.
The United States Central Command successfully destroyed four unmanned aerial systems (UAS) launched by Iranian-backed Houthi terrorists in Yemen on Thursday, the US Central Command said.
Port management said 60 of the 120 dockworkers will be laid off as Red Sea shipping has dwindled. The Histadrut, the umbrella organization of Israeli labor unions, is due to hold a protest at the port on Wednesday.
Stating that India's policy was 'Nation First' and the consumer was 'paramount', Union Minister Hardeep Singh Puri said that the Centre was able to keep oil prices from shooting up despite global turbulence amid the Russia-Ukraine conflict and drone attacks on merchant ships in the Red Se
They include the India-Middle East-Europe Economic Corridor (IMEC) initiative through the Arabian peninsula and the international north-south transport corridor and towards east the trilateral highway in southeast Asia and the Chennai Vladivostok route, which also has polar implications..
Hailing India's growth story, External Affairs Minister S Jaishankar said on Thursday that it is important that Japan today appreciate the pace of change in India.
The damage caused to undersea cables in the Red Sea, following the Houthi strikes in the region, is disrupting global telecommunications networks and forcing internet providers to reroute as much as a quarter of traffic between Asia, Europe and the Middle East, reported CNN.
The missile was prepared to be launched from Houthi controlled areas of Yemen towards the Red Sea and presented an 'imminent threat' to US aircraft in the Red Sea.
US Central Command on Thursday said it conducted two-self-defence strikes targeting six mobile anti-ship cruise missiles, that were prepared to launch towards the Red Sea. It also shot down an unmanned aerial vehicle (UAV) over the southern Red Sea in self-defence.
According to US Central Command, the forces identified these unmanned aerial vehicles (UAVs) originating from Houthi-controlled areas of Yemen and determined that they posed an imminent threat to merchant vessels and to the US Navy and coalition ships in the region.
It said that these actions are taken to protect freedom of navigation and make international waters safer and more secure for US Navy and merchant vessels.