Houthi threaten to attack Israeli ships in the Red Sea

The security situation in the Red Sea has taken a further escalation after Yemen’s Houthi movement announced it would target Israeli shipping, while also joining coordinated strikes alongside Iran against Israel amid a renewed exchange of missile fire between the two countries.  According to the group’s military spokesperson Yahya Saree, the Yemeni Armed Forces have launched missiles targeting Israeli interests, confirming their active participation in the latest phase of regional escalation.  In parallel, the Houthis declared what they described as...

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Growth persists despite market challenges

Growth persists despite market challenges

Global airfreight demand continues to show striking resilience, maintaining a stretch of year-on-year monthly growth through March even as geopolitical tensions, tariff uncertainty and regional disruptions continue to test the market’s stability.  While volatility has not disappeared, the industry’s ability to adapt has become increasingly visible. Capacity constraints linked to conflict zones and longer routing patterns are pushing operating costs higher, but they are also supporting stronger yields across key trade lanes. At the same time, widening trade imbalances are making network...

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Global Ship Lease enters newbuilding market with $917 million containership order

In a landmark strategic shift, Global Ship Lease has entered the newbuilding market for the first time in its history, committing approximately $917 million to the construction of 10 new containerships as it prepares to modernise its fleet for the next generation of container shipping trades.  The Athens-based company announced that it has signed individual contracts for...

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