Red Sea

The group’s forces fire two drones at the refinery and hit it, with the attack causing negligible damage to a tank

The refinery was targeted with a drone

Disruption from the war is roiling global supply chains, forcing liners to tackle everything from transit halts to soaring fuel costs

Maersk has made two successful passages for the first time since Yemen-based Houthis began attacking vessels in 2023

The shipping company says it has no plans to fully reopen the route but may gradually resume sailing via Suez and the Red Sea

Freight costs typically dip at year-end due to seasonal weakness in demand

Shippers have been routing their vessels around Africa, adding thousands of miles and costs to voyages

Adding to uncertainty are unresolved trade talks between the US and China

[AMMAN] Multiple small vessels attacked a ship in the Red Sea near Yemen’s Al Hudaydah port, causing a fire on board and prompting the crew to abandon ship before the Israel army carried out airstrike...