red sea shipping

Red Sea marine traffic has increased by 60% to 36-37 ships a day since August 2024, but is still short of volumes seen before Yemen's Houthis began

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

CAIRO, Feb 19 (Reuters) – Suez Canal Authority Chairman Osama Rabie said on Wednesday that the Red Sea crisis did not create a sustainable route to

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

Major geopolitical events and policy changes are significantly impacting global maritime trade in early 2025, with new U.S. tariffs and ongoing Red Sea

CAIRO, Jan 31 (Reuters) – Suez Canal Authority Chairman Osama Rabie has told shipping giant AP Moller-Maersk there are signs of stability returning to

The Hong Kong-flagged container ship ASL Bauhinia was abandoned in the Red Sea on Tuesday after catching fire, with all crew members safely rescued. The

(Bloomberg) — An unusually large flotilla of merchant vessels has backed up near Yemen’s Ras Isa port in the Red Sea after Israeli air raids damaged

Red Sea disruptions — a consequence of Houthi maritime attacks — have cost Egypt at least $7 billion in Suez Canal revenue this year, the country’s

After a year of drone and missile attacks against merchant and naval vessels, the Iranian-backed Houthi rebel group is now extending an olive branch of

The Iran-backed Houthis on Tuesday announced the targeting of three American supply vessels and two destroyers in the Gulf of Aden. The U.S. Central Command

(Bloomberg) — An explosive-laden drone boat slammed into an oil tanker as it sailed past the coast of Yemen, a sign Israeli airstrikes haven’t deterred

LONDON, Sept 19 (Reuters) – The cost of insuring a ship through the Red Sea has more than doubled since the start of September and some underwriters

(Bloomberg) — An abandoned oil tanker attacked in the Red Sea by Iran-backed Houthi rebels a week ago appears to be burning and leaking,

By Jonathan Saul and Mohammed Ghobari LONDON/ADEN, Aug 28 (Reuters) – The cost of insurance for ships sailing through

COPENHAGEN, Aug 7 (Reuters) – Maersk expects global container shipping growth to slow from a strong start to the year, when customers soaked up

Aug 6 (Reuters) – Logistics provider Expeditors International of Washington reported a lower second-quarter profit on Tuesday, after weak demand

July 18 (Reuters) – The Suez Canal’s annual revenue dropped by almost a quarter in its latest financial year as some shippers switched to

(Bloomberg) — It’s been four months since a liquefied natural gas tanker has passed through the narrow strait at the southern end of the Red Sea

COPENHAGEN, May 6 (Reuters) – Disruption to Red Sea container shipping is rising, Maersk said on Monday, forecasting this will cut the