CMA CGM & Saudi's Folk Maritime Collaborate on Red Sea Service
French shipping giant CMA CGM is teaming up with Folk Maritime, an emerging feeder and short-sea navigation company based in Saudi Arabia.

French shipping giant CMA CGM is teaming up with Folk Maritime, an emerging feeder and short-sea navigation company based in Saudi Arabia.
Salvage teams won't start clearing debris from Houthi assaults until peace is restored, declared the leading authority on maritime regulation yesterday.
The US State Department's Special Envoy for Iran urged Panama to withdraw registration from Iranian tankers accused of sidestepping sanctions.
The Houthis' goal is to block ships associated with their adversaries from navigating past the Cape of Good Hope.
Iran has released the remaining crew of the Greek-owned tanker St Nikolas, detained by its military forces in the Gulf of Oman since January.
OFAC intensifies efforts against entities facilitating Iranian goods shipments connected to Sa’id al-Jamal, a figure linked to Corps-Qods Force.
Following their initial successful attack on a vessel, Houthis have declared any ship entering their territorial waters must secure a permit.
The Italian Navy destroyed a drone over the Red Sea, acting in defense under the European Union's new naval operations in that region.
Senior Pentagon official discloses that the US has targeted 230 locations in Yemen in response to Houthi-led assaults on vessels in the Red Sea.
Saudi Arabia sees the inception of a new feeder & short-sea shipping venture aimed at establishing connections between the kingdom & Red Sea ports
Shares of Norwegian Cruise Line Holdings saw an uptick in pre-market trading following the company's announcement of its 2024 projections.
Following alerts regarding the potential threat from Houthi rebels to underwater cables in the Red Sea, fiber-optic cable off Yemen has been cut.
The U.S. has brought charges against four individuals following the interception of a dhow carrying Iranian-produced arms in the Arabian Sea.
The Belize-flagged bulk carrier, Rubymar, which sustained damage from a missile strike by Houthi rebels, remains buoyant despite water ingress.
A vessel laden with weapons and materials intended for conflict support was recently detained in the Arabian Sea by a US coats guard cutter.