Shipping companies expressed caution about using the shorter route between Asia and Europe that many ships have avoided for ...

A Gaza ceasefire could slash shipping emissions as vessels return to shorter Red Sea routes, potentially reducing maritime ...

Yemen’s Houthi rebels said they will cease attacks on Israel and on merchant shipping in the Red Sea as a ceasefire between ...

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.

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 ...

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.

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 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 ...