red sea shipping

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

(Bloomberg) — An Iranian ship that’s been linked to Houthi attacks in the Red Sea is returning home, removing a prominent asset in the area as the