Red Sea Crisis

The U.S. Treasury’s Office of Foreign Assets Control (OFAC) has designated multiple entities and individuals involved in a maritime smuggling operation

President Trump announced today that U.S.-led strikes have “decimated” Houthi capabilities in Yemen, while issuing stark warnings to both the

Major maritime industry associations have jointly released a comprehensive security guidebook aimed at protecting vessels and crews amid escalating global

The U.S. hit targets across Yemen in airstrikes overnight, including Saada province, which Yemeni sources say is a long-time hideout for

The Israel-Hamas ceasefire has officially ended on Tuesday, with Israel resuming offensive operations in the Gaza Strip, potentially escalating maritime

Yemen's Houthis will not "dial down" their action against Israeli shipping in the Red Sea in response to U.S. military pressure or appeals from the group's

In a strongly-worded statement issued Monday, President Donald Trump warned Iran would face severe consequences for its role in Houthi attacks in the Red Sea

By Phil Stewart, Mohammed Ghobari and Gabriella Borter WASHINGTON/ADEN, Yemen, March 16 (Reuters) – The United States will keep attacking

By Phil Stewart and Mohammed Ghobari WASHINGTON/ADEN, Yemen, March 15 (Reuters) – U.S. President Donald Trump launched large-scale military strikes

The Suez Canal is effectively closed. Not officially, of course, many Russian shadow fleet and Chinese crewed ships are sailing through. But if you’re a U.S.

International container shipping company ZIM (NYSE: ZIM) has reported a remarkable recovery in 2024, posting a net income of $2.15 billion, marking a

Yemen’s Houthi forces have declared an immediate ban on Israeli ships in the Red Sea, Arabian Sea, Bab al-Mandab Strait, and Gulf of Aden, threatening to

New sanctions by the U.S. Treasury’s Office of Foreign Assets Control (OFAC) have revealed that Houthi leaders actively coordinated with Russian and

The U.S. State Department has officially designated Yemen’s Ansarallah group, commonly known as the Houthis, as a Foreign Terrorist Organization (FTO),

By Salma El Wardany Feb 23, 2025(Bloomberg) –Egypt’s Suez Canal Authority said 47 ships have rerouted to use the waterway since the start of

The European Union has extended its maritime security operation in the Red Sea region until February 28, 2026, allocating over €17 million to safeguard

Global marine fuel sales jumped in 2024 after attacks by Yemen's Houthis starting in late 2023 prompted most shipping companies to divert vessels around

A new industry survey by maritime consultancy Drewry reveals that most container shipping stakeholders expect Suez Canal transits to resume before the end of

South Korean shipping giant HMM delivered strong financial results in 2024, with revenue reaching KRW 11,700 billion (USD $8 billion) and operating profit

Yemen's Iran-backed Houthis, who control most of western Yemen including the capital, are ready to mount attacks on Israel if it resumes its assault on Gaza