The transport route around the southern tip of Africa was once little used — but freighters are now forced to take it and are charging higher rates.
Tag: Suez Canal
New Freighters Could Ease Red Sea Cargo Disruptions
Analysts and shipping executives say they expect costs to fall later this year as companies receive vessels they ordered two to three years ago.
Houthis Attack More Ships in Red Sea After U.S.-Led Strikes in Yemen
The Iranian-backed militants launched a fresh round of attacks days after their military sites were hit by U.S. and British forces.
U.S. Leads Second Strike Against Houthis in Yemen
The military fired at a target in response to rising attacks on Red Sea shipping, which the Houthis linked to the war between Israel and Hamas.
Houthis Vow Revenge for U.S. Strikes in Yemen, as Conflict Escalates
The United States and Britain said they had hit military targets in response to rising attacks on Red Sea shipping, which the Houthis linked to the war between Israel and Hamas.
BP Pauses Oil Shipments Through Red Sea Amid Fears of Attacks
Global energy prices jumped as tensions escalated around the vital shipping route, where drone and missile assaults have prompted some companies to halt sending cargos.
How Russia Is Cashing In on Climate Change
Global warming may pose grave dangers around the world, but as one tiny Russian town on the Arctic Ocean shows, it can also be a ticket to prosperity.
How One of the World’s Biggest Ships Jammed the Suez Canal
Four months after the megaship Ever Given got stuck in the canal, neither the canal nor the shipping industry has addressed some of the most critical issues that led to the grounding.
Ship That Blocked the Suez Canal Is Moving On
The giant container ship had been held in the Suez Canal since March, as Egyptian authorities and the ship’s owners argued over compensation. On Wednesday, it finally began the journey out.
Settlement Is Reached Over Stuck Ship That Blocked Suez Canal in Egypt
International trade was jammed for nearly a week when the Ever Given blocked the waterway in March.