Sea freight prices could drop "at least 20%, 25%" and that could happen over two to three months, Yuvraj Narayan told Reuters on the sidelines of the World Economic Forum meeting taking place in Davos ...

Analysis by S&P suggested that the “ceasefire is very likely to collapse beyond its initial phase” as it assessed that the ...

Following the ceasefire agreement between Israel and Hamas, Yemen's Houthi rebels have also declared a truce in the Red Sea.

Four of the port's five tugboats needed to escort the large ships bringing imports had sunk, while the fifth was damaged, a ...

One of the Israeli hostages freed on the first day of the Gaza ceasefire said Monday in her first comments since being released that she has “returned to life.” ...

Houthi attacks in the Red Sea date back to November 2023, when rebels attacked the British-owned Galaxy Leader cargo ship and ...

Despite recently touting a Suez route, Mediterranean Shipping Company (MSC) said it will stick to Cape of Good Hope until ...

ZIM Integrated Shipping struggles with oversupply and lower shipping rates. See why ZIM stock may retest 2023 lows amid ...

Operations at a Red Sea port in Yemen used for aid imports have fallen to about a quarter of its capacity, a UN official said ...

Liner operators led by MSC Mediterranean Shipping Company will continue to avoid the Red Sea until it is safe. That stance is ...

Since the war in Gaza broke out in October 2023, the Huthi rebels have fired dozens of missiles and drones at Israel ...