In other words, the trade lane that’s most affected by the Red Sea disruption. Heaney said Lunar New Year celebrations were partly responsible for the slide in shipping costs.

Issues in the Red Sea and the Panama Canal are going to cause issues for consumers in the U.S. during the spring and summer shopping cycle, experts warned.

The U.N. trade body sounded an alarm Thursday that global trade is being disrupted by attacks in the Red Sea, the war in Ukraine, and low water levels in the Panama Canal.

It is the result of a collaboration between Japan and Egypt. on Janvier 20, 2017 in Suez Canal, Red sea, Egypt. (Photo by Camille Delbos/Art In All of Us/Corbis via Getty Images) ...

OSLO, Dec 27 (Reuters) - Denmark's Maersk , opens new tab has scheduled several dozen container vessels to travel via the Suez Canal and the Red Sea in the coming days and weeks, it said on ...

The wave of attacks against merchant ships in the Red Sea is forcing companies to send ships on longer routes and threatens to hurt an already wobbly global economy.. The Houthis, an armed group ...