Their actions have forced major shipping lines, including Danish shipping giant Maersk, Chinese state-owned shipping company Cosco and energy giant BP, to stop using the Suez Canal and Red Sea …
Recent hostilities in the Red Sea have thrown global shippers of vital goods for a loop – but it is hardly the only issue that big carriers are facing as …
More than 20 countries have agreed to take part in the new US-led coalition safeguarding commercial traffic in the Red Sea from attacks by Yemen’s Houthi movement as more nations …
“Import costs will be higher for perishable food items with limited shelf lives like cheese, butter and salmon as well as beverages like wine,” he said. Exports of electronics and …
The Iran-aligned Yemeni anti-government group has stepped up their involvement in the Israel-Gaza war, and has increasingly targeted vessels navigating the Red Sea in recent months, warning of attacks on …
To suggest the world is hurtling towards its doom might sound extreme, yet it’s hard to avoid that conclusion if we listen to more pessimistic – or perhaps realistic – …
Photo: Suez Canal Authority (AP) Ever since the Ever Given ran aground in the Suez Canal in March 2021 and blocked the vital waterway for six days, there has been …
Photo: Suez Canal Authority (AP) Ever since the Ever Given ran aground in the Suez Canal in March 2021 and blocked the vital waterway for six days, there has been …