Attacks on two dozen ships since November are forcing shipping lines to figure out whether and when to skip the Suez Canal and send vessels on longer voyages around Africa.
Category: Houthis
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Red Sea Attacks Menace Energy Tankers but Don’t Stop Them
Some oil tanker traffic continues to go through the Suez Canal, while plentiful global reserves keep crude prices steady.
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Shipping Giant Maersk Is Returning to the Red Sea After Houthi Attacks
A shipping advisory that Maersk released on Wednesday showed that several of its vessels were headed for the Suez Canal, which lies at the northern end of the Red Sea and handles about 12 percent of world trade.
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The shipping giant Maersk is returning to the Red Sea.
A shipping advisory that Maersk released on Wednesday showed several of its vessels were headed for the Suez Canal, which handles about 12 percent of world trade.
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Red Sea Shipping Halt Is Latest Risk to Global Economy
Next year could see increasing volatility as persistent military conflicts and economic uncertainty influence voting in national elections across the globe.
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Red Sea Attacks Add Another Snarl to Global Shipping
Already hampered by problems at the Panama Canal, shipping companies are now steering clear of the Suez Canal to avoid being attacked in the Red Sea.
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How the Suez Canal Attacks Could Upend Global Trade
Shipping rates have soared and energy prices remain volatile as vessels are redirected away from the vital commerce route.
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Middle East Conflict Threatens Global Economic Growth
Oil prices climbed again on Friday as armed clashes intensify in Israel and, increasingly, beyond.
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Tanker in Yemen Is Emptied of Oil, Averting Catastrophic Spill
More than a million barrels of oil on a tanker off the coast of Yemen were transferred to another ship bought by the United Nations. But now a new hurdle looms: Who owns the recovered oil?