Suez Canal revenues plummeted to $4 billion in 2024 from $10.2 billion in 2023 due to rising tensions in Red Sea - Anadolu ...

The crew of a Chinese boxship have abandoned the vessel after a hazardous cargo explosion and fire in the southern Red Sea.

French container line CMA CGM has joined Maersk in opting to keep rerouting vessels around the Cape of Good Hope.

CMA CGM, the French container line that has continued to transit the Red Sea despite attacks on shipping, said it will continue to route most of its affected services away from the region.

A Hong Kong-flagged boxship exploded and caught fire in the Red Sea, some 226 km northwest of Hodeidah, Yemen. In the early ...

Russia is sending cargoes of sanctioned oil to India on tankers that have been blacklisted by the US Treasury — setting up an ...

Russia is testing its ability to keep oil exports flowing by sending sanctioned tankers to India with cargoes lifted after ...

The ceasefire is still fragile So why do the box carriers still shy away from using the Suez Canal despite the fact that the ...

IMEC is an alternative to China’s Belt and Road Initiative (BRI), which started in 2013 to link over 150 countries in Asia, ...

President Trump is reportedly dispatching his newly confirmed Secretary of State Marco Rubio to Panama for his first foreign ...

Vessel explosion in Red Sea adds to maritime security concerns, impacting global trade routes and commercial shipping.

The United States spent almost $500 million (roughly equivalent to $15.2 billion in 2023) to finish the Panama Canal project.