The Red Sea crisis has severely disrupted global trade, increasing shipping costs, rerouting maritime traffic, and causing ...

Oil executives called on Thursday for a return to navigation through the Red Sea en route to the Suez Canal following a halt in ...

Suez Canal Authority chairman Osama Rabie recently met with Maersk CEO Vincent Clerc, as the ocean carrier and others still ...

In a meeting with AP Moller-Maersk's CEO, Rabie encouraged the company to consider these positive indicators while planning maritime routes. The Red Sea region has seen several global shipping ...

But transport companies have said the risks remain too high to resume using the Red Sea route. "Carriers will ... said Emily Stausbøll, a senior shipping analyst at freight platform Xeneta.

Suez Canal Authority Chairman Osama Rabie has told shipping giant AP Moller-Maersk there are signs of stability returning to the Red Sea, and urged the company to take that into account when planning ...

Though this has not always been the case. These attacks have prompted many shipping companies to stop using the Red Sea – a route that around 12% of global trade usually passes through – and ...

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.

a more costly and time-consuming alternative to navigating the traditional Red Sea and Suez Canal route. During this time, the Houthis have taken steps to signal restraint and depict sincerity in ...

These agreements typically span a year, and any shift back to the Red Sea will be gradual and contingent on the expiration of existing agreements and the reestablishment of stable shipping routes ...

The past few weeks have been eventful for the shipping industry ... early voyages through the Red Sea will serve as critical tests. If these initial journeys encounter threats or incidents, the full ...