The German Shipowners Association reveals the losses of Houthi piracy
The German Shipowners Association revealed that the shift of shipping companies to the Cape of Good Hope increases the cost of each shipping trip by one million dollars.
The British Maritime Authority announced, on Tuesday, that it had received a report of an accident 600 nautical miles east of Mogadishu, Somalia.
The Iranian-backed Houthi militia continues to target commercial ships in the Red Sea, Bab al-Mandab, and the Gulf of Aden.
