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Ships built in China would have to pay a $1.5 million fee per port call. And any shipping line that has placed more than 50% of its new vessel orders with Chinese shipyards would incur a $1 million ...
The Iran-backed Houthi movement, Ansar Allah, has disrupted shipping in the Red Sea and Gulf of Aden, targeting American and allied vessels. These attacks have increased freight and insurance ...
By Peter Eavis When President Trump ordered military strikes last weekend against the Houthi militia in Yemen, he said the militia’s attacks on commercial shipping in the Red Sea had harmed ...