Clicky

  • Login
  • Register
  • Submit Your Content
  • Contact Us
Thursday, August 22, 2024
World Tribune
No Result
View All Result
  • Home
  • News
  • Business
  • Technology
  • Sports
  • Health
  • Food
Submit
  • Home
  • News
  • Business
  • Technology
  • Sports
  • Health
  • Food
No Result
View All Result
World Tribune
No Result
View All Result

U.S. shoots down 14 drones in Red Sea to protect world trade

December 16, 2023
in Business
Reading Time: 2 mins read
A A
U.S. shoots down 14 drones in Red Sea to protect world trade
0
SHARES
ShareShareShareShareShare

U.S. shoots down 14 drones in Red Sea to protect world trade

The US military said it shot down 14 drones in the Red Sea launched from Houthi-controlled areas of Yemen as attacks on commercial carriers continue from the Iranian-backed group, threatening havoc for world trade.

READ ALSO

Star fund manager takes leave amid accusations of cherry picking

This is the No.1 thing jeopardizing your relationship

Major shippers MSC Mediterranean Shipping Co. SA and CMA CGM were the latest to announce on Saturday that they won’t send their vessels through the Red Sea for now in the face of rising threats.

The unmanned aerial systems “were assessed to be one-way attack drones and were shot down with no damage to ships in the area or reported injuries,” US Central Command said in a post on X, formerly Twitter. “Regional Red Sea partners were alerted to the threat.”

The drones were struck down by the USS Carney guided missile destroyer early on Saturday. The UK navy also repelled a suspected drone attack.

MSC Mediterranean Shipping Co. SA, the world’s largest container line, joined competitors in diverting ships away from the Red Sea.

The MSC Palatium III was attacked on Friday in the Red Sea, the company said in a statement on its website, confirming earlier reports. There were no injuries among the crew of the container ship, though there was “limited fire damage” and the vessel has been taken out of service.

“Due to this incident and to protect the lives and safety of our seafarers, until the Red Sea passage is safe, MSC ships will not transit the Suez Canal eastbound and westbound,” the company said in its statement.

“Some services will be rerouted to go via the Cape of Good Hope instead,” it said, referring to the southern tip of Africa.

Separately, the French group CMA CGM instructed its container ships scheduled to pass through the Red Sea to pause their journey in safe waters until further notice.

UK naval forces shot down a suspected attack drone that was targeting merchant ships in the Red Sea, Defense Secretary Grant Shapps said in a post on X on Saturday. The HMS Diamond used a Sea Viper missile to down the target, he said, without giving more details.

Flexport Inc., a freight forwarding platform based in San Francisco, said in a blog post that taking the route around Africa prolongs the journey by seven to 10 days compared with using the Suez Canal.

Rebels in Yemen escalated a threat against ships with ties to Israel in November, calling them “legitimate targets,” and appear to be targeting vessels in the vicinity more generally.

Rerouting the world’s container fleet around the conflict zone during Israel’s war against Hamas in Gaza threatens to increase freight rates and cause delays rippling across global supply chains.

About 5% of global trade depends on the Panama Canal and 12% depends on Suez, according to Marco Forgione, director general at the Institute of Export & International Trade.

— With assistance from Valentine Baldassar

Subscribe to the CFO Daily newsletter to keep up with the trends, issues, and executives shaping corporate finance. Sign up for free.

Credit: Source link

ShareTweetSendSharePin
Previous Post

The latest disturbing acts by Draymond Green, LeBron James show media will never stop embracing them

Next Post

NFL Week 15 odds, picks

Related Posts

Star fund manager takes leave amid accusations of cherry picking
Business

Star fund manager takes leave amid accusations of cherry picking

August 22, 2024
This is the No.1 thing jeopardizing your relationship
Business

This is the No.1 thing jeopardizing your relationship

August 22, 2024
Forget the 30-year mortgage: The 40-year mortgage needs to become the new American standard, CEO says
Business

Forget the 30-year mortgage: The 40-year mortgage needs to become the new American standard, CEO says

August 21, 2024
Too anxious to fall asleep?
Business

Too anxious to fall asleep?

August 21, 2024
France to donate 100,000 mpox vaccines as nation prepares for outbreak at home
Business

France to donate 100,000 mpox vaccines as nation prepares for outbreak at home

August 21, 2024
The EU wants no corner of the digital sphere left untouched, warning X and AI could be next
Business

The EU wants no corner of the digital sphere left untouched, warning X and AI could be next

August 21, 2024
Next Post
NFL Week 15 odds, picks

NFL Week 15 odds, picks

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

What's New Here!

InvestBev Announces Strategic Investment in Non-Alcoholic Lifestyle Brand, Sèchey

InvestBev Announces Strategic Investment in Non-Alcoholic Lifestyle Brand, Sèchey

August 16, 2024
MLB Hall of Famer Dennis Eckersley’s daughter, Alexandra, facing trial over child abandonment case

MLB Hall of Famer Dennis Eckersley’s daughter, Alexandra, facing trial over child abandonment case

July 26, 2024
Satisfying Snack Cravings: Consumers Prioritize Price, Taste, and Health

Satisfying Snack Cravings: Consumers Prioritize Price, Taste, and Health

August 14, 2024
D’yontae Johnson fueled by father’s death in quest to make Giants

D’yontae Johnson fueled by father’s death in quest to make Giants

August 1, 2024
Aaron Boone on how Yankees’ catching situation will play out down stretch

Aaron Boone on how Yankees’ catching situation will play out down stretch

August 21, 2024
Shadowy Baby Factories—the  billion surrogacy industry with hidden links to Eastern Europe

Shadowy Baby Factories—the $14 billion surrogacy industry with hidden links to Eastern Europe

August 16, 2024
Tencent Cloud downplays AI hype when it comes to making games

Tencent Cloud downplays AI hype when it comes to making games

July 30, 2024

About

World Tribune is an online news portal that shares the latest news on world, business, health, tech, sports, and related topics.

Follow us

Recent Posts

  • Giants avoid risks in uneven practice test against Jets
  • Star fund manager takes leave amid accusations of cherry picking
  • FTX Sam Bankman-Fried former partner Ryan Salame seeks to void guilty plea
  • Noah Lyles gushes over ‘fighter’ girlfriend Junelle Bromfield

Newslatter

Loading
  • Submit Your Content
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2024 World Tribune - All Rights Reserved!

No Result
View All Result
  • Home
  • News
  • Business
  • Technology
  • Sports
  • Health
  • Food

© 2024 World Tribune - All Rights Reserved!

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In