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 moreDetailsCMA CGM has introduced a new weekly route, passing through the Red Sea which will operate between India and Saudi Arabia.
Read moreDetailsOn 14 February, the European Council extended the mandate of the EU maritime security operation EUNAVFOR ASPIDES until 28 February 2026.
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 moreDetailsAmbipar Response, leading the emergency effort in the Sounion vessel disaster, emphasized the critical need for the industry to prioritize how to minimize chances of environmental damage in the Red Sea.
Read moreDetailsDrewry examines the impact of the ongoing ceasefire between Israel and Hamas on the resumption of ship transits through the Suez Canal, examining the implications for LNG shipping.
Read moreDetailsUKMTO and Maritime Security Centre Indian Ocean (MSCIO) issued a notice on voluntary reporting guidance for the Indian Ocean and Red Sea.
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