Some shipping operators are opting to transit the Red Sea as attacks by Yemen’s Houthi militant group have ceased following a ...

An explosion has struck a Hong Kong-flagged container ship traveling north through the Red Sea. It sparked a major fire that forced its crew to abandon the vessel.

Red Sea route and the Suez Canal are "critical" for global trade flows, he said, adding: "Suez Canal handles approximately 12% to 15% of global trade. For container shipping, it's even more ...