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COPENHAGEN, Jan 6 — Maersk is diverting all container vessels from Red Sea routes around Africa’s Cape of Good Hope for the foreseeable future, warning customers to prepare for...
PARIS: International maritime trade has hit stormy waters as attacks by Yemen’s Houthis on ships in the Red Sea...
Goldman Sachs warns that oil prices could double if Houthi rebel attacks in the Red Sea continue, disrupting key shipping routes and potentially impacting the Strait of Hormuz.
In recent weeks, the Red Sea has drawn huge attention owing to its importance in international trade.
The ocean freight giant will stay away “for the foreseeable future.”