BDRY News and Press, Breakwave Dry Bulk Shipping From 02/05/24

2024-02-05 04:58:54 ET The U.S. has vowed to step up its retaliatory strikes against Houthi rebels and Iran's proxies in the Middle East if attacks on commercial ships in the Red Sea continue, although White House National Security Advisor Jake Sullivan clarified that President Joe Biden "i...

2024-01-31 10:30:00 ET Summary The core Personal Consumption Expenditures price index fell to its lowest level since March 2021. Euro area business optimism about the coming year improved for a fourth consecutive month in January. Last week brought several announcements from r...

2024-01-28 06:03:22 ET Summary The conflict between Israel and Hamas has disrupted marine shipping traffic through the Suez Canal, leading to detours and increased costs for global shippers. Shippers are avoiding the Suez Canal and taking longer routes around the Cape of Good Hope...

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2024-01-26 05:42:59 ET Chinese officials have called on their Iranian counterparts to help end Houthi attacks on ships in the Red Sea or risk harming business ties between the two countries, Reuters reported citing unnamed sources.... Read the full article on Seeking Alpha For f...

2024-01-25 04:00:00 ET Summary The termination of shipping via the Suez Canal most directly has an impact on supply chains connecting Asia and Europe. The renewable energy and automotive sectors may face challenges as more than half of solar panels and batteries are shipped via th...

2024-01-23 07:15:00 ET Summary As 2024 gets underway, global supply chains are facing a new hurdle, as tensions in the Red Sea have caused severe shipping disruptions and delays. If this crisis continues, the ongoing impact of rerouting shipping traffic around the Cape of Good Hop...

2024-01-23 04:58:54 ET U.S. and U.K. military forces, with support from four other countries, conducted a fresh round of strikes on Monday, targeting eight Houthi targets in Yemen in response to the militant group's attacks on ships traveling through the Red Sea. ... Read the ful...

2024-01-17 04:33:42 ET The U.S. is expected to redesignate Yemeni Houthi militant group as a foreign terrorist organization on Wednesday, as tensions in the Red Sea and the risk of Israel's war in Gaza spreading in the Middle East escalate. The move will reverse President Joe Biden'...

2024-01-12 04:56:00 ET Summary The Red Sea shipping crisis is still growing as almost half of vessels have been rerouted around the Cape of Good Hope in January. This has already more than tripled container rates. Delays and knock-on effects may drag on to the second quarter. ...