Middle East hostilities and decisions by many owners to re-route ships around the Cape of Good Hope is shoring up markets and keeping freight rates above expectations, which does not equate to good news for ship recycling markets.

THE Alliance is suspending its Asia – Red Sea 1 Service due to the threat to safety of its vessels and crew.

Almost 13% of Europe’s LNG supply came to Europe via the Red Sea last year, mostly from the Middle East. But Qatar Energy, the major supplier, halted voyages via the Bab-el-Mandeb Strait and the Red Sea mid-month, re-routeing its LNG carriers...

US-flagged Maersk vessel was targeted by Houthi missiles in the Gulf of Aden on Wednesday.

Goods arriving at Piraeus port are experiencing up to 20 days delay with more than 200,000 containers not yet having reached the port due to situation in the Red Sea, according to the president of the Athens Chamber of Tradesmen, Yannis...

Container rate levels are seeing the expected levelling out prior to Chinese New Year as the initial shock of the Red Sea crisis wanes and new vessels are deployed to meet the challenge of maintaining weekly services.

International Maritime Organization (IMO) Secretary-General Arsenio Dominguez has called for immediate release of the Galaxy Leader and its crew.

The US and UK launched further strikes against Houthi sites in Yemen and refuted claims of a successful attack on a US heavy lift vessel.

As Houthi attacks on shipping extend beyond container ships, an analysis has shown the global bulk trades most reliant on the Suez Canal.

Greek Prime Minister Kyriakos Mitsotakis has expressed his concerns about violence in the Red Sea and the impact on global trade.