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.
Category: Red Sea
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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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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?
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As Iran Seizes Tankers, U.A.E. Pulls Back From U.S.-Led Maritime Force
The United Arab Emirates announced it had stopped participating in the security group after Iran seized two tankers in the Persian Gulf recently.