Global trade needs Middle East crisis resolution to recover
The Red Sea crisis has become a critical point in the Middle East conflict, disrupting trade and maritime transport, the World Bank states.
Read moreDetailsThe Red Sea crisis has become a critical point in the Middle East conflict, disrupting trade and maritime transport, the World Bank states.
Read moreDetailsEgypt's Suez Canal Authority chairman, Osama Rabei, announced on Sunday that since the beginning of February, 47 ships have been rerouted from the Cape of Good Hope to the Suez Canal.
Read moreDetailsYemen's Houthis have threatened to escalate attacks on Israel if Israel resumes its assault on Gaza and does not commit to a ceasefire deal.
Read moreDetailsGlobal demand for marine fuel saw a significant rise in 2024 as many shipping companies altered their routes to avoid the Red Sea. The shift came after attacks by Yemen’s Houthis in late 2023, prompting vessels to bypass the Suez Canal and instead sail around southern Africa
Read moreDetailsThe first LNG carrier in five months passed through the Bab-el-Mandeb Strait at the southern end of the Red Sea.
Read moreDetailsA fire broke out aboard the Hong Kong-flagged container ship, ASL Bauhinia, on 28 January, but it was not related to Houthi attacks, according to the Red Sea and Gulf of Aden Joint Maritime Information Center (JMIC).
Read moreDetailsThe International Transport Workers’ Federation (ITF) to safeguard seafarers from becoming collateral damage in conflicts.
Read moreDetailsU.S. President Donald J. Trump signed an Executive Order re-designating the Houthis as a Foreign Terrorist Organization (FTO).
Read moreDetailsYemen's Iran-aligned Houthi group has released the crew of the Galaxy Leader over a year after seizing the vessel off Yemen's coast.
Read moreDetailsMSC Mediterranean Shipping Co. SA stated that its vessels will continue traveling around the Cape of Good Hope until further notice.
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