An attack by Yemen’s Houthi rebels on a Liberian-flagged cargo ship in the Red Sea killed three mariners and wounded two ...

Ocean freighters have avoided the Suez Canal before. It was shut from 1967 to 1975, a period of conflict in the Middle East. But then Western economies were far less reliant on imports from Asia ...

Send a tip to our reporters Site feedback: Take our Survey By Lucia Kassai December 26, 2023 at 2:53 PM EST Updated on December 26, 2023 at 4:11 PM EST ...

Connected by the Suez Canal to the Mediterranean, the Red Sea is an essential trade route for about 12% of the world's shipping traffic between Europe and Asia.

About 50 vessels go through the Suez Canal a day, and recent data suggested that, as of Monday, at least 32 had been diverted, said Chris Rogers, head of supply chain research at S&P Global Market ...

In 2021, it was a stuck ship that caused massive disruption to global trade. The Ever Given, a 1,300-foot cargo ship, had gotten stuck in Egypt’s Suez Canal, blocking an estimated $10 billion of ...

The Suez Canal shipping route, which leads to the Red Sea, is a vital waterway for global trade, used to transport energy and other goods between Europe and Asia, and elsewhere.

Attacks on vessels in the Red Sea by Iran-aligned Houthi militants have disrupted a shipping route vital to east-west trade, with prolonged rerouting of shipments pushing freight rates higher and ...

T hreat levels for ships sailing through the Red Sea and Suez Canal increased over the weekend, according to Dryad Global, a maritime security firm. On Saturday, Dec. 16, the U.S. Central Command ...

The Red Sea, stretching from Egypt’s Suez Canal to the narrow Bab el-Mandeb Strait separating the Arabian Peninsula from Africa, remains a key trade route for global shipping and energy supplies.

The Red Sea, stretching from Egypt’s Suez Canal to the narrow Bab el-Mandeb Strait separating the Arabian Peninsula from Africa, remains a key trade route for global shipping and energy supplies.