Suez Canal blockage by the boxship Ever Given resulted in an $89 million loss for Maersk and an increase in CO2 emissions.

Suez Canal blockage resulted in a loss of nearly $89 million for the shipping company Maersk Line. This is revealed in a new ...

MSC, A.P. Moller-Maersk A/S, Hapag-Lloyd AG and CMA CGM Group have all been hesitant to resume operations in the Red Sea.

The Greek-flagged, Sounion was first attacked on Aug. 21 with small arms, projectiles, and a drone boat by the Iran-backed ...

Yemen’s Houthi rebels have signaled they will limit their attacks in the Red Sea corridor to only Israeli-affiliated ships as ...

The second reason is politics. The Houthis have made it clear that any re-opening of the route is contingent on the ...

The Houthis announced that they targeted the Harry S. Truman Carrier Strike Group on Friday, casting doubt on whether the ...

A return to normality for the Suez Canal would be welcome news for Egypt as it looks to emerge from its worst economic crisis in decades.

The diplomatic effort comes as Egypt grapples with a 60 per cent drop in Suez canal revenue over the past 11 months -- a ...

ATHENS (Reuters) - A risky operation to salvage an oil tanker attacked by Houthi militants in the Red Sea and avert what ... mainly due to the environmental disaster risk. It was a very complex ...

The Suez Canal, which connects the Red Sea to the Mediterranean, has historically been a vital source of foreign currency for Egypt's struggling economy. During Saturday's phone call, Abdelatty ...