On January 22, they released the 25-member crew of the British-owned Galaxy Leader cargo ship, more than a year after the vessel was seized in the Red Sea. About 70% of vessel traffic has been sailing ...

An official from the UN Conference on Trade and Development (UNCTAD) on Thursday warned against the negative impacts of the ongoing crisis in the Red Sea on global trade. "We are very concerned ...

The intensified Red Sea situation has once again attracted global attention. The Red Sea crisis has been ongoing ... situation in the Middle East on Nov 18 that the Security Council has failed ...

The yearlong attacks on commercial ships in the Red Sea are continuing to take their financial toll ... One project aims to expand a 30-kilometer (18.6-mile) navigation route to allow for larger ...

But the Red Sea shipping ... 6.5% growth in ton-miles this year, the fastest rate of expansion for 14 years. Annual ton-mile growth has averaged 2.9% since the financial crisis.

China’s investment in Djibouti is finally beginning to pay off, but the Red Sea crisis has brought mixed feelings about the business outlook among some Chinese executives based in the tiny Horn ...