The EU naval mission will help provide security for shipping in the Red Sea but will not partake in air strikes on Houthis in Yemen, who vow to stop attacks when Israel ends its war on Gaza

Ocean freight shipping rates are set to increase further in early February amid the ongoing Red Sea crisis. According to the Xeneta ocean freight rate benchmarking platform, market average short-term…

At least 50 affected countries, a 40% decline in Suez Canal revenues, and German car factories pause production. Al Majalla lays out the economic impact of Red Sea disruptions in numbers.

With 80% of the global goods trade transported by sea, the global economy relies heavily on the shipping industry 

International trade is coordinated through numerous shipping lanes worldwide. According to the International Maritime Organisation (IMO), about 90% of goods moved globally travel by ocean – however,…

US marines have acted against raiders in the Bab al-Mandab strait, where Israel's war on Gaza has intensified a proxy battle between Iran and Israel. It is worrying traders, sailors and insurers.