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

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

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

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.

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 ...

Hapag-Lloyd reiterated it will return to the Red Sea "when it is sufficiently safe to do so," while Maersk said it was too ...

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 ...

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 ...