maritime transport

The vessel had been hit by drones and missiles launched by Iran-backed Houthi rebels based in Yemen

The $800m order for six LNG dual-fuel VLCCs marks a significant milestone for Evangelos Marinakis’ Capital and the shipbuilding group CSSC, as the two sides combine efforts for decarbonization in the shipping industry

Their attacks have prompted major shipping companies to instruct their vessels to avoid the maritime route through the Suez Canal, opting instead to circumnavigate Africa which has resulted in significantly more time-consuming and costly maritime transportation